Consolidated Communications, a top 10 fiber provider in the United States, has entered into a definitive agreement to be acquired by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) in an all-cash transaction with an enterprise value of approximately $3.1 billion.
Telecom Vendors
Bridging the Rural Divide: Ericsson, Appalachian Wireless Join Forces for 5G RAN Modernization
Appalachian Wireless, an East Kentucky Network (EKN) company, has chosen Ericsson for a multi-year Radio Access Network (RAN) modernization project to bring world-class 5G technologies to underserved communities in Appalachia. The partnership marks a step forward in connectivity and technological advancement for the mountainous region, where Appalachian Wireless is the sole network provider for many households and businesses.
Lumen Raises Capital by Selling CDN Business
"We are deep into our transformation of Lumen and much of our core work involves simplification of our business," said Bob McCarthy, Lumen Senior Vice President, Business Development. "The sale of select Lumen CDN service contracts enables us to apply even more focus on disrupting the telecommunications industry by cloudifying our network, enhancing our Quantum Fiber offering and bringing amazing new solutions to market."
Adtran and Orange Explore Quantum Key Distribution in Collaborative Lab Trial
Adtran announced its collaboration with Orange on a lab trial of quantum key distribution (QKD) technology, marking a key step towards safeguarding real-world networks from the threat of quantum computer attacks.
Nokia to Bring Semiconductor Expertise to US Innovation Hub
Nokia has become part of the Northeast Microelectronics Coalition (NEMC) Hub, a regional innovation hub led by the Massachusetts Technology Collaborative (MassTech).
Cisco Makes 28 Billion Dollar Acquisition
Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever.
HGC Launches New Cross-Border SASE Managed Service With Palo Alto Networks
HGC Global Communications Limited (HGC), a leading ICT service provider based in Hong Kong, is launching a one-stop secure access service edge (SASE) managed service for enterprises operating across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Telit Cinterion Launches WE310K6 Module: Mass Production Begins in December 2023
Telit Cinterion, a global enabler of the intelligent edge, announced the WE310K6, a fully integrated, low-power module featuring dual-band, dual-stream Wi-Fi and dual-mode Bluetooth/ Bluetooth Low Energy.
Nokia Revolutionizes IP Access, Aggregation and Edge Networks
Nokia expands its industry-leading IP router portfolio with the introduction of the new 7730 Service Interconnect Router (SXR) product family. The new platforms bring the service router performance, security, assurance and sustainability customers rely on from Nokia at the IP edge and core into advanced IP access and aggregation networks.
Rakuten Symphony Faces Pressure in Challenging Times
Known as an open RAN advocate, Tareq Amin has stood down as CEO of Rakuten Mobile and Rakuten Symphony with immediate effect, for personal reasons. This came as a surprise and unfortunate timing, as the two Rakuten Group subsidiaries have yet to reach their targets.