FiberLight completed a recapitalization, including $325 million in financing, with clients of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. With this strong backing, FiberLight will further strengthen its lit and dark fiber network solutions and service excellence, ensuring its current and potential customers benefit from diverse connectivity services that suit an evolving digital landscape.
Wholesale and Capacity
Spectrum continues to raise rates on existing services during the Covid pandemic, breaking the backs of hardworking Americans. With many people scrambling to remain employed this Company is lining their pockets while Americans suffer.
Aligned completed a $1 billion senior secured credit facility that is the first U.S. data center sustainability-linked financing. The facility is one of the largest private debt raises in data center history, consisting of a $650 million term loan, a $100 million delayed draw term loan and a $250 million revolving credit facility. Aligned engaged TD Securities as the administrative and collateral agent; Goldman Sachs Lending Partners LLC as the syndication agent; and ING Capital LLC as the sustainability structuring agent. TD Securities, Goldman Sachs Bank USA, Citizens Bank, N.A., Deutsche Bank AG, New York Branch, and Nomura Securities International, Inc. served as joint bookrunners and joint lead arrangers for the facility.
Stratanet a wholesale telecommunications infrastructure company with a high capacity, submarine cable network throughout Asia and across the Pacific has signed a multi-year contract with NTT Ltd. to provide Japan to USA connectivity.
ADTRAN announced that TEC, a prominent provider of residential and business services for rural communities in Tennessee, Alabama and Mississippi, is the first to bring 10G services across the mid-south region. TEC is leveraging ADTRAN’s award-winning Total Access 5000 (TA5000) fiber access platform to deliver robust multi-gigabit services to hospitals, schools, universities and municipalities to enable any person, company or group to fully engage, learn and thrive in a Gigabit Economy.
A submarine cable of course! Today, 98% of international internet traffic is ferried around the world by subsea cables. A vast underwater network of cables crisscrossing the ocean makes it possible to share, search, send, and receive information around the world at the speed of light. In today’s day and age, as the ways that we work, play and connect are becoming increasingly digital, reliable connectivity is more important than ever before. A new subsea cable, Grace Hopper will run between the United States, the United Kingdom and Spain, providing better resilience for the network that underpins Google’s consumer and enterprise products.
Verizon, along with Infinera, recently completed a successful test in Verizon’s live fiber network to move 800 Gbps of data on a single wavelength across extreme distances. This significant technological advancement in the fiber network will lay the groundwork for managing the blazing fast gigabit speeds, super low single-digit millisecond latency, and huge scalability that will come as a result of Verizon’s 5G Ultra Wide Band (UWB) network.
Orange deployed spectrum capacity with Infinera’s submarine solution on its MainOne submarine cable, a new network built to provide large-scale international capacity to support the development of a digital ecosystem in West Africa. Built upon Infinera’s fourth-generation Infinite Capacity Engine (ICE4) on the XTS-3600 platform, Orange was able to significantly increase its regional capacity as well as improve the resilience of its submarine cables to provide its customers with enhanced connectivity and access to affordable new services.
Secure Access Service Edge (SASE) has become one of the hottest topics in the industry where SD-WAN meets security delivered in a cloud-centric offering. While Gartner introduced the SASE term in 2019, the general principles behind SASE have been brewing for some time as enterprises have been observing a fundamental shift in how their users access business and workflow systems. The well-defined, static, and finite network edge of the past is being replaced by business users who are working outside of their corporate walls and accessing business information systems that are beyond their corporate data center. This could not be more evident than with the massive growth in the cloud market, with IDC projecting that worldwide spending on public cloud services and infrastructure will double from $229 billion in 2019 to almost $500 billion by 2023. Adding to this trend, businesses worldwide are seeing an inversion of the norm at the network edge, with greater fluidity and mobility driving us toward an infinite network edge as the new norm in terms of both challenges and opportunities.
PCCW Global today announced that its Console Connect Software-Defined Interconnection® (SDI® ) platform is now available in many more data centers via an extended collaboration with Global Switch, a leading owner, operator and developer of large-scale carrier and cloud neutral data centers in Europe and Asia Pacific.