RCom Falls 5%, Makes No Payment To Lenders

By The Economic Times November 16, 2017 NEW DELHI: Shares of Reliance Communications tanked 5 per cent in Thursday's trade after the debt-ridden telecom operator said that it is not making any payment to lenders or bond-holders for the time being as it is under 'standstill period' with invocation of strategic debt restructuring scheme and [...]

2017-11-16T11:13:55+00:00 November 16th, 2017|State of the Industry|

Submarine Cables Investment A ‘High Priority’ for Anacom

By Telecompaper November 15, 2017 The president of Portugal's National Communications Authority (Anacom), Joao Cadete de Matos, said that the issue of submarine cables is a "high priority" regarding the investments the country has to make in the short term, reports Lusa. He pointed out that the undersea fiber-optic linking Continental Portugal with the Azores [...]

2017-11-15T13:12:02+00:00 November 15th, 2017|State of the Industry|

Telefonica Sells 15.2% Telxius To KKR For EUR 484.5 Mln

By Telecompaper November 14, 2017 Telefonica has announced that private equity firm KKR exercised the previously agreed call option over 38 million shares of its infrastructure subsidiary Telxius (representing 15.2 percent of its share capital) for EUR 484.5 million. As a result of this operation and together with the 24.8 percent stake it acquired last month, KKR [...]

2017-11-14T10:35:43+00:00 November 14th, 2017|State of the Industry|

PLDTs Cable Landing Stations Awarded International Certification

By PLDT Press Release November 6, 2017 Leading telco and digital services provider PLDT has obtained ISO 22301:2012 certification for its world-class cable landing stations that provide international connectivity for data, voice and leased line services via fiber optic cables to its global network partners. ISO 22301:2012 is the highest and most comprehensive international standard [...]

2017-11-06T10:34:02+00:00 November 6th, 2017|State of the Industry|

CenturyLink Completes Acquisition Of Level 3

By CenturyLink Press Release November 2, 2017 MONROE, La. - CenturyLink, Inc. (NYSE: CTL) has completed its acquisition of Level 3 Communications, Inc. The combination of CenturyLink and Level 3 creates a leading global network services company capable of providing customers a wide range of high-quality technology solutions over a secure and reliable fiber-rich network. The combined company, with [...]

2017-11-02T15:36:47+00:00 November 2nd, 2017|State of the Industry|

New Law Of The Sea Agreement On High Seas Biodiversity

By Hellenic Shipping News October 26, 2017 World governments agreed in 2015 that the U.N. Convention on the Law of the Sea (UNCLOS) should be expanded to include a new legally binding instrument on the conservation and sustainable use of biodiversity in areas beyond national jurisdiction (BBNJ). During 2016 and 2017, four preparatory committee meetings [...]

2017-10-27T10:51:49+00:00 October 27th, 2017|State of the Industry|

Nokia Still Reviewing Options For Undersea Cables Unit: CEO

By Reuters Staff October 26, 2017 HELSINKI (Reuters) - Nokia is still reviewing its options for its undersea cables unit, a business that underpins the global Internet, chief executive Rajeev Suri said on Thursday. Reuters reported in May that Nokia was planning to sell the ASN division, which is one of the top suppliers of [...]

2017-10-27T10:47:30+00:00 October 27th, 2017|State of the Industry|

Telefonica Completes Sale Of 24.8% Of Telxius To KKR For EUR 790.5 mln

By Telecompaper October 25, 2017 Telefonica has completed the transfer of 24.8 percent of the shares of its infrastructure subsidiary Telxius to private equity firm KKR for EUR 790.5 million as part of a deal reached in February to sell up to 40 percent of Telxius to KKR for a total of EUR 1.275 billion after receiving [...]

2017-10-25T11:24:36+00:00 October 25th, 2017|State of the Industry|

AFC Signs Master Cooperation Agreement With International Finance Corporation

By Africa Finance Corporation Press Release October 18, 2017 Lagos, Nigeria - Africa Finance Corporation (AFC) has this month become the 30th  member of the Master Cooperation Agreement (MCA) at the World Bank’s Annual Meetings in Washington DC. Created by the International Finance Corporation’s (IFC) in 2009, the MCA seeks to enhance cooperation among member development [...]

2017-10-19T10:25:02+00:00 October 19th, 2017|State of the Industry|

Global Marine To Acquire Fugro’s Trenching And Cable Laying Business

By Global Marine Group Press Release October 12, 2017 Chelmsford, United Kingdom - Global Marine Group (“GMG”), a leading provider of offshore engineering services to the telecommunications, oil & gas, and renewables industries, announced today that Global Marine Systems Limited (“GMSL”) has entered into an agreement with Fugro N.V. (“Fugro”) (AMS: “FUR”) under which GMG [...]

2017-10-12T10:15:12+00:00 October 12th, 2017|State of the Industry|