Time to catch up on a bit of fiber news that has crossed the wires since ’10 flipped to ’11:
abvt has built out its network into the Philadelphia Technology Park, a key hub in the MidAtlantic region that is located in Philly’s Navy Yard. Just one more example of AboveNet’s multi-front expansion, I guess. AboveNet will be providing high bandwidth connectivity to the PTP’s customer base.
Over in the Alps, Swisscom is taking a different take on building out last mile infrastructure. They are considering a joint venture with the energy company Groupe E for a fiber network in Fribourg, something they have already done with two others – Energie Wasser Bern in the capitol, and IWB in Basel. Swisscom would put up 60% of the investment, while other parties would handle the other 40%. By other parties, they mean the energy utility and the town of Fribourg and maybe others.
Sunesys, a division of Quanta, will be building out the PennRen fiber network for KINBER. PennRen is one of those broadband stimulus projects awarded to non-network builders that is now getting down to business. The grant was for $99.6M to build middle mile fiber throughout Pennsylvania, hitting a good fraction of the state’s underserved counties. Sunesys will be contributing $24M in matching funds to the project, and will end up with ‘certain rights related to right-of-way access on the PennREN network.’ Sunesys is one of those metro builder/operators whose assets I still have no clear picture of.
And as for XO Holdings (news, filings), the news is that there was no news. We had been expecting a stock split, which was to precede a rights offering that would raise cash for XO’s 2011 spending. But nothing has happened, not even an extension. That can’t last, I feel another offer from Icahn to buy out minority shareholders coming on.
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