CTM Inks Partnership Deal With Angola Cables

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 [...]

2020-01-07T16:10:59-05:00January 7th, 2020|Categories: State of the Industry|Tags: , , , , |

Global Cloud Xchange Announces CEO Transition

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 [...]

2020-01-07T10:55:12-05:00January 7th, 2020|Categories: State of the Industry|Tags: , , |

FCC Amends Outage Reporting Requirements

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 [...]

2020-01-06T09:55:27-05:00January 6th, 2020|Categories: State of the Industry|Tags: , , , , |

Seabras 1 Bermuda, USA File for Chapter 11

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 [...]

2019-12-24T15:53:24-05:00December 24th, 2019|Categories: State of the Industry|Tags: , , , |

Telxius Opens Northern Virginia Facility

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 [...]

2019-12-06T15:21:43-05:00December 6th, 2019|Categories: State of the Industry|Tags: , , , , , |

GCX to Emerge From Chapter 11 Bankruptcy

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 [...]

2019-11-12T14:32:33-05:00November 12th, 2019|Categories: State of the Industry|Tags: , , , , |

Hengtong to Buy Huawei Marine Networks

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 [...]

2019-11-05T13:52:13-05:00November 5th, 2019|Categories: State of the Industry|Tags: , , , , |

NTT Creates Undersea Cable Unit in Singapore

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 [...]

2019-10-31T12:25:23-04:00October 31st, 2019|Categories: State of the Industry|Tags: , , , , , |

HC2 Marine Services to Sell Huawei Marine JV

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 [...]

2019-10-30T09:47:29-04:00October 30th, 2019|Categories: State of the Industry|Tags: , , , , |

Angola To Privatise Angola Telecom, Appoints New Board

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 [...]

2019-10-10T10:48:03-04:00October 10th, 2019|Categories: State of the Industry|Tags: , , , , |