Friday Roundup: SubCom, Orange Business, GCX

December 6th, 2019 by · Leave a Comment

A few items from around the world to end the week:

In East Africa, the builders of the DARE1 submarine cable have hit a key milestone on the way to completion next summer. Along with Djibouti Telecom, Somtel, and Telkom Kenya, the submarine cable specialist SubCom says the manufacturing of the cable system is complete, and the loading of the cable ship itself began on November 13 and will be done this month. DARE1 will connect Djibouti with Bosaso and Mogadishu in Somalia and Mombasa in Kenya, spanning 4,854km.

Orange Business Services has won the favor of Mars. No, not the planet and not the Roman god, but of course the candy company that makes M&M's, Snickers, and Wrigley gum. They do other things of course, but I grew up in the shadow of their M&M plant so for me it will always be M&Ms. Mars will be using Orange Business's SD-WAN, security, and multisourcing integration to connect its 125K employees worldwide.

And GCX has won court approval for the reorganization plan it announced last month. The arrangement will see GCX emerge from Chapter 11 as an independent company with $150M less debt and enough working capital to make a go of it. Just what path they will take once the restructuring is complete and they are free from the travails of their distressed parent RCom should be interesting to watch.

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Categories: Financials · SDN · Undersea cables

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