I’m on the road today, so if anything interesting happens that I’m not talking about, that’s why. In the meantime, here’s some additional news from the start of the week that’s worth a look.
Hibernia Networks took another big step toward ending the dozen-year drought in new transatlantic cables. Hibernia Express has come ashore in Cork, Ireland. Given that the cable has been scheduled to come online next month, it’s about time it had its Irish leg on land.
On the other side of the planet, Superloop has a new market to work on. Not content with merely Singapore and Australia to build out in, Superloop now has a UCL license in Hong Kong, enabling it to do the same there. No word on their actual plans to build network in Hong Kong, but first things first.
There has been a bit of M&A among the vendors. MRV Communications has agreed to sell its Rome-based network integration subsidiary Tecnonet to Milan-based Maticmind. The sale price was €19.7 million, and will enable MRV to focus better on the company’s packet and optical solutions.
And just this morning, CENX has announced a significant new equity investment. They’ve raised another $12.5M from their current investors plus a few new names: BDC Capital, Mistral Venture Partners, and VMWare. They’ll be using the funds to continue accelerating their lifecycle service orchestration software as SDN and NFV take hold in the industry.
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