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Digicel Offers Pacific Business As Security in Restructuring

Mobile Carrier Digicel Offers Pacific Business As Security in Restructuring By Kirsty Needham, Reuters May 15, 2020 SYDNEY (Reuters) - Jamaica-based telecommunications company Digicel Group DCEL.N has offered its Pacific business as security to creditors in a debt restructuring, a U.S. Securities and Exchange Commission filing shows. The SEC filings showed Digicel Pacific as a [...]

2020-05-15T13:42:52-04:00May 15th, 2020|Categories: State of the Industry|Tags: , , , , , |

Three Companies Apply for Telecoms Licences in Bermuda

Three Companies Apply for Telecoms Licences By Jonathan Kent, The Royal Gazette April 30, 2020 Competition may be about to heat up in Bermuda’s telecommunications sector with three companies seeking to join the market. Cable & Wireless Network Services, Horizon Communications and Paradise Mobile have applied for licences from the Regulatory Authority. Horizon and Paradise [...]

GCX Appoints Carl Grivner to Board of Directors

Global Cloud Xchange Announces the Appointment of Carl Grivner to the Company’s Board of Directors Global Cloud Xchange Press Release April 22, 2020 London – Global Cloud Xchange (“GCX” or the “Company”), a leading provider of global managed next-generation network, announces the appointment of one new member to its Board of Directors. Joining the board [...]

Facebook to Acquire $5.7bn Stake in Reliance Jio

Facebook to Acquire $5.7bn Stake in India's Reliance Jio By Sebastian Moss, Data Centre Dynamics April 22, 2020 Facebook plans to acquire a 9.99 percent equity stake in Jio Platforms, the holding company of telecom Reliance Jio Infocomm. The INR 435.7 billion ($5.7 billion) deal allows the social media and advertising company to increase its [...]

2020-04-23T10:59:52-04:00April 23rd, 2020|Categories: State of the Industry|Tags: , , , , , |

Team Telecom Formalized into New Committee

‘Team Telecom’ Formalized into New Committee; Increased Scrutiny of Chinese Involvement in US Telecommunications Services Continues By White & Case April 15, 2020 On April 4, 2020, President Trump issued an Executive Order (EO) establishing the ‘Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector’ (the Committee). The Committee replaces [...]

2020-04-16T12:00:16-04:00April 16th, 2020|Categories: State of the Industry|Tags: , , , , , , |

GCX Announces Majority Emergence from Bankruptcy

Global Cloud Xchange Announces Majority Emergence From Bankruptcy Global Cloud Xchange Press Release April 15, 2020 The Company’s entities unaffected by regulatory requirements, representing a vast majority of the global business, successfully complete Chapter 11 restructuring and appoint new Board of Directors Restructuring process objectives have been achieved, including less debt, new financing and new [...]

2020-04-16T10:58:30-04:00April 16th, 2020|Categories: State of the Industry|Tags: , , , , |

Hexatronic Wins Submarine Cable Orders Totaling 40 MSEK

Hexatronic Wins Submarine Cable Orders Totaling 40 MSEK Hexatronic Group AB Press Release April 15, 2020 Hexatronic Cables & Interconnect Systems AB, a wholly owned subsidiary of Hexatronic Group AB, has recently signed several agreements regarding fiber optic submarine cable. The total order value amounts to 40 MSEK, of which most of it is from [...]

2020-04-16T10:34:29-04:00April 16th, 2020|Categories: State of the Industry|Tags: , , , |

Orange Unveils First Mission for Urbano Monti Vessel

Orange Submarine Cable Division Unveils First Mission for New 'Urbano Monti' Vessel By Telecompaper April 15, 2020 Orange has announced that its submarine cable division has completed preparations to launch its 'Urbano Monti' vessel at sea, which is set to carry out a first survey operation in the Mediterranean sea for Alcatel Submarine Networks. The [...]

2020-04-15T12:20:00-04:00April 15th, 2020|Categories: State of the Industry|Tags: , , , , , |

Attorney General Will Chair Committee to Review Foreign Participation in the U.S. Telecommunications Sector

Attorney General Will Chair Committee to Review Foreign Participation in the U.S. Telecommunications Sector United States Department of Justice Press Release April 7, 2020 Executive Order Formally Establishes Committee to Review Applications for FCC Licenses for National Security and Law Enforcement Concerns On Saturday, the President by Executive Order formally established an interagency committee to [...]

Seaborn Appoints New Senior VP, Head of LATAM

Seaborn Networks Appoints New Senior Vice President, Head of Latin America Seaborn Networks Press Release April 3, 2020 Boston – Seaborn Networks (“Seaborn”), a leading developer-owner-operator of subsea fiber optic cable systems, announced today the appointment of Michel Marcelino as Senior Vice President, Head of Latin America. Michel is responsible for managing Seaborn’s sales organization and [...]

2020-04-03T12:49:45-04:00April 3rd, 2020|Categories: State of the Industry|Tags: , , , , |