Telxius Opens Northern Virginia Facility Telxius Press Release December 5, 2019 Northern Virginia, US – 5 December 2019— Telxius, the communications infrastructure company of the Telefónica Group, announces today the opening of a new facility at Tysons Corner in Northern Virginia. More than two years ago, Telxius chose Virginia Beach as the site to build [...]
GCX to Emerge From Chapter 11 Bankruptcy After Rescue Plan By Antony Savvas, Data Economy November 11, 2019 The company has shelved any separate sale of the company, with its largest secured lenders instead taking over the reins while also lending further. Bankrupt Global Cloud Xchange (GCX) has announced that “after completing the initial phase [...]
Hengtong to Buy Huawei Marine Networks By Stephen Hardy, Lightwave November 4, 2019 HC2 Holdings, Inc. (NYSE: HCHC) says its Marine Services Segment, Global Marine Group (GMG), has agreed to sell its 49% stake in Huawei Marine Networks Co., Ltd. to Hengtong Optic-Electric Co Ltd. for approximately $140 million. HC2 also stated that Hengtong has [...]
NTT Creates Undersea Cable Unit in Singapore to Meet Data Traffic Demand By NNA Business News October 31, 2019 SINGAPORE, NNA – Japanese telecommunications giant NTT has launched a submarine cable unit in Singapore to capitalise on the growing demand for connectivity in Southeast Asia. NTT Ltd., the London-based firm in charge of the group’s [...]
HC2's Marine Services Segment Announces Sale of Huawei Marine Networks Joint Venture HC2 Press Release October 30, 2019 - Sale pegs HMN equity value at $285 million - Global Marine Group’s 49% interest valued at $140 million - HC2 continues to advance strategic alternatives for Global Marine subsidiary NEW YORK, Oct. 30, 2019 -- HC2 [...]
Angola To Privatise Angola Telecom, Appoints New Board By Ogechi Onuoha, Space in Africa October 10, 2019 The Angolan president, João Lourenço, yesterday named a five-man new leadership for its major telecommunication company, Angola Telecom(AT), in line with its plans to restructure the company and later in the year privatise the wholly state-owned fixed telco [...]
The Philippines’ ICT Sector Investments Reach All-Time High By Teresa Umali October 8, 2019 The Information and Communications Technology (ICT) sector became the top investment contributor in the Philippines with an outstanding increase from PHP 340 million (US$ 6.6 million) last year to PHP 308.8 billion (US$ 6 billion). According to a recent press release, [...]
CFIUS Proposed Rules Target Critical Technology, Sensitive Personal Data and Real Estate By John R Ingrassia, Owen Masters, Matthew McBride, The National Law Review October 4, 2019 On September 17, 2019, the Department of the Treasury issued long-awaited proposed rules implementing many of the provisions of the Foreign Investment Risk Review Modernization Act of 2018 [...]
French Cable Systems Provider Alcatel Submarine Networks Acquires Construction Vessel By John Snyder October 4, 2019 In a move to enhance its fleet, French submarine communications network company Alcatel Submarine Networks (ASN) has acquired light construction vessel Toisa Warrior from UK-based Sealion Shipping, managers of the Toisa fleet. The purchase price for the vessel was [...]
Efforts to Attract Undersea Cable Industry By Jonathan Kent, The Royal Gazette September 30, 2019 Legislation to advance Bermuda’s efforts to become a digital hub for the interconnection of submarine cables was tabled in the House of Assembly on Friday. Walter Roban, the Minister of Home Affairs, tabled three bills for consultation that he said [...]
