Monday Roundup: Seaborn, RCN Business, CS&L, Level 3

December 12th, 2016 by · Leave a Comment

Here’s a set of quick-takes on some of the news items out this morning:

Seaborn Networks is preparing to take its new cable to market, unveiling plans for an ultra-low latency service between Sao Paolo and Carteret, New Jersey. The Seabras-1 cable system is now fully manufactured and the cable ships will be hitting the water to lay cable next month with a June 2017 target date.

Communications Sales & Leasing, Inc. is taking the opportunity to work on its balance sheet this week. They are offering $400M in senior notes due 2024, and will be using the proceeds to repay outstanding amounts under its revolving credit facility and of course for the all-purpose bucket of ‘general corporate purposes’. After buying PEG Bandwidth and Tower Cloud, and then relaunching them under the Uniti Fiber brand, CS&L seems likely to make further fiber moves in 2017.

On the metro fiber front, RCN Business has added a key New Jersey node to its network. They have built out their fiber network into 165 Halsey Street in Newark, and are offering their full suite of data, voice, and video there. RCN Business has been expanding into New Jersey, complementing its NYC metro depth.

And Level 3 has picked up certification down in South America. The company’s Rio de Janeiro data center achieved Tier III certification from the Uptime Institute. Level 3’s South American footprint has been one of its growth engines, despite currency fluctuations, and has enjoyed substantial autonomy. I wonder what if anything will change about that approach when the CenturyLink deal goes through next year.

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Categories: Datacenter · Financials · Metro fiber · Undersea cables

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