Here's a quick look at some other news from the start of the week:
Xtera has picked up another federal contract this week. DISA has awarded the subsea vendor a contract to build a new regional submarine cable system. It's a key win by Xtera following the company's re-launch after the acquisition by H.I.G. Capital. Being a DoD deal, they aren't saying much about the cable itself, e.g. where it is or how long etc. But Xtera's last DISA subsea deal is said to have been down in the Caribbean.
Mitel has achieved one of its long pursued goals and has closed the acquisition of ShoreTel. The purchase moves Mitel into the #2 position worldwide for UCaaS, according to the company's announcement, and gives it a significantly greater US presence. In conjunction with the close, Mitel took out a $300M loan at LIBOR+3.75% due 2023.
Sparkle, the international arm of TIM Group, has launched a new IoT effort. Their new SMS Management solution leverages Telarix's automation, and streamlines the network complexities associated with IoT-related SMS services. Such Application-to-Peer messaging looks like a growing piece of the IoT ecosystem.
And TPx is adding muscle in the Midwest. Since going national via the DCSI acquisition and rebranding itself from TelePacific, TPx has been putting the right people in place around the country. In this case, they've brought in Michael Masini as channel director for the central region, and Keith Tomlin as regional channel manager for Chicago. I wonder if TelePacific has further M&A in mind going forward.
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