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 [...]
RCom CEO Bill Barney Steps Down By The Hindu Business Line September 25, 2019 Bill Barney has stepped down as the CEO of Reliance Communications. Barney will now focus entirely on the restructuring of Global Cloud Xchange (GCX), the Anil Ambani company's submarine cable subsidiary, which recently filed for bankruptcy protection. Barney is currently the Chairman [...]
Converge ICT Gets $250-M Investment From US Equity Firm Warburg Pincus By GMA News Online September 24, 2019 Fiber internet service provider Converge ICT has received a $250-million investment from US-based private equity Warburg Pincus to finance a nationwide expansion. The investment of roughly P12.8 billion finance Converge ICT’s roll out of more fiber connection [...]
FCCC Reviews and Reduces Charges for FINTEL Cable Landing Station By Pratika Mala, Fijivillage September 18, 2019 Fijian Competition and Consumer Commission says Fijians need to have affordable access to the internet no matter where they are which is why FCCC has reviewed and reduced charges for the FINTEL cable landing station. CEO Joel Abraham [...]
RCom’s Subsea Division, GCX, Files for Bankruptcy By Chris Kelly, Total Telecom September 16, 2019 The move comes as GCX missed repayments on $350m bonds GCX Ltd, the subsea cabling subsidiary of Anil Ambani’s Reliance Communications (RCom) conglomerate, has announced that it is to file for bankruptcy. The move comes after GCX missed payments of [...]
Quintillion Partners with APTelecom in Asia and the US Quintillion Press Release September 12, 2019 ANCHORAGE, Alaska /PRNewswire/ -- Quintillion Networks, headquartered in Anchorage, AK, is pleased to announce their partnership with APTelecom to expand their reach to the global market via a transpacific fiber optic network, serving North America and Asia. As existing transpacific [...]
