Here’s a quick roundup of some of the news that the industry started off with this week, both domestic and international:
Windstream is doing a little refinancing work this weekend. They are looking to the credit markets to raise $400M in incremental term loans, which they will use to refinance some of the company’s 7.875% senior notes due 2017. They have kicked off a four week tender offer for $350M of those notes at $1082.50 per $1000 in principal, contingent on getting the new debt financing of course.
Lumos Networks revealed some regional business in Virginia this morning. Roanoke-based DePaul Community Resources is expanding a longtime relationship with the network operator. Lumos has customized a 17-location wide Ethernet WAN spanning the central and western portions of the state. DePaul provides foster care, adoption, and services for those with developmental disabilities.
Two vendors picked up some Italian-derived business this week. ADVA says that Telecom Italia is deploying the company’s FSP3000 across its metro networks in Italy, bringing 100Gbps to every major city there. And meanwhile, GENBAND won over Telecom Italia’s international services arm TI Sparkle with a piece of Kandy. Ok, bad pun, but TI Sparkle will be using GENBAND’s white-label OTT cloud communications platform to power it’s own offerings.
And in the Far East, China Telecom Global is teaming up with Conversant for CDN. The two will be integrating their content delivery network via a CDN Federation, thus giving Singapore-based Conversant deeper reach into China, and providing China Telecom Global with better international connectivity for its content. China Telecom Global says the effort is “Under the direction of ‘The Belt and Road Initiative’”, which is one of those central planning things the country’s bureaucracy still does.
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