Cable & Wireless CEO To Step Down

Cable & Wireless Press Release December 12, 2017 Cable & Wireless Communications ("C&W") today announced that John Reid will step down from the position of CEO in early 2018. An announcement on C&W’s incoming CEO will be made in due course, and until that time, Reid will remain in the post and will support the [...]

2017-12-12T11:21:10+00:00 December 12th, 2017|Categories: State of the Industry|Tags: , , |

Tiger Infrastructure Invests in Crosslake Fibre

Crosslake Fibre Press Release December 7, 2017 NEW YORK, New York - Tiger Infrastructure Partners ("Tiger Infrastructure") today announced it has made an investment in Crosslake Fibre ("Crosslake"). Crosslake was established to develop fibre-optic cable projects throughout North America, including a new submarine fibre-optic cable from Toronto, Canada to Buffalo, New York through Lake Ontario. The [...]

2017-12-08T11:38:24+00:00 December 8th, 2017|Categories: State of the Industry|Tags: , |

Hexatronic To Acquire US-Based Blue Diamond Industries

Hexatronic Press Release December 4, 2017 Hexatronic Group AB (publ) ("Hexatronic") has on the 4th of December 2017 entered into a definitive agreement to acquire Blue Diamond Industries, LLC (“BDI”), a US-based supplier of conduits and ducts for the telecommunications and power markets, for an enterprise value of $24.5 million with an additional purchase consideration [...]

2017-12-06T14:13:32+00:00 December 6th, 2017|Categories: State of the Industry|Tags: |

Prysmian Sets Sights On Other M&A Targets

By Francesca Landini, Reuters December 5, 2017 MILAN, Dec 5 (Reuters) - Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable. The targets are mid-sized groups, one based in Asia, one in [...]

2017-12-05T18:22:15+00:00 December 5th, 2017|Categories: State of the Industry|Tags: , , |

Prysmian To Acquire General Cable For USD 3 Billion

By Telecompaper December 4, 2017 Prysmian has agreed to buy rival General Cable for USD 3 billion including debt, creating a new powerhouse in the energy and telecom cable market. The offer of USD 30 per share cash is an 81 percent premium on General Cable's share price in July when the company announced it [...]

2017-12-04T13:17:51+00:00 December 4th, 2017|Categories: State of the Industry|Tags: , , , |

Seaborn Networks Adds Industry Experts To Board Roles

Seaborn Networks Press Release December 4, 2017 Boston, Massachusetts -  (GLOBE NEWSWIRE) -- Boston. December 4, 2017 – Seaborn Networks (“Seaborn”), a leading developer-owner-operator of subsea fiber optic cable systems, announced today the addition of Chris Eldredge and Pete Hayes to the board of directors of Seabras Group, LLC (“Seabras”), and Wilson Otero and Kris [...]

2017-12-04T13:04:48+00:00 December 4th, 2017|Categories: State of the Industry|Tags: |

SBSS Secure Multiple Cable Installation Contracts

By SBSS Press Release November 28, 2017 SBSS are pleased to announce they have received multiple cable installation contract awards across the submarine telecommunications and subsea oil and gas markets in Indonesia. In the latter PT Saipem have awarded SBSS the full cable installation scope for the BP Tangguh Phase 2 project. The work scope includes the [...]

2017-11-28T11:17:37+00:00 November 28th, 2017|Categories: State of the Industry|Tags: , |

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|Categories: State of the Industry|Tags: , , |

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|Categories: 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|Categories: State of the Industry|Tags: , , |