Japan's Government to Counter China's Submarine Cable Presence By the San Francisco Chronicle January 8, 2020 To counter a rapidly emerging Chinese presence in the submarine cable market, Japan intends to provide aid to companies exporting optical fiber submarine cables, The Yomiuri Shimbun has learned. While Japanese, U.S. and European firms have almost dominated the [...]
CTM Inks Partnership Deal With Angola Cables By Telecompaper January 7, 2020 Macau operator CTM and Angola Cables have signed an agreement to enhance digital opportunities for business between Macau, Mainland China, African Portuguese-speaking countries and Brazil. CTM will leverage its international network and Macau’s position in the Greater Bay Area, a key hub for [...]
Global Cloud Xchange Announces CEO Transition Global Cloud Xchange Press Release January 7, 2020 CFO Rory Cole takes the helm as Interim CEO to guide new phase of accelerated growth NEW YORK - Global Cloud Xchange (“GCX” or the “Company”) today announced that its Board of Directors has appointed Rory Cole as the Company’s Interim [...]
FCC Amends Certain Aspects of Submarine Cable Outage Reporting Requirements By Womble Bond Dickinson, Lexology December 30, 2019 The Federal Communication Commission (FCC or Commission) has issued an Order on Reconsideration (Order) that reexamined and amended certain aspects of the submarine cable outage reporting requirements, outlined in the Submarine Cable Outage Reporting Order. The Commission [...]
Seabras 1 Bermuda Ltd and Seabras 1 Usa, LLC Announce Plan to Improve Financial Future Seaborn Networks Press Release December 23, 2019 Boston (GLOBE NEWSWIRE) -- Seabras 1 Bermuda Ltd (“Parent”) and Seabras 1 USA LLC (“OpCo” and, together with Parent, the “Companies”) filed voluntary petitions for relief under Chapter 11 of the United States [...]
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 [...]
