Shenandoah Telecommunications Company (Shentel) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC (Vertical Bridge) to sell its tower portfolio and operations for $310.3 million in cash.
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NJFX’s New Acquisition to Boost Transatlantic Connectivity
NJFX Utility Service LLC, a wholly owned subsidiary of NJFX, has successful acquired key infrastructure assets from SubCom LLC, originally developed in 2001. This acquisition comprises bore pipes and conduits situated in Manasquan and Avon, New Jersey. This offers purpose built underground access to the NJFX Wall CLS Campus. These critical infrastructure assets required maintenance, which involves use of complicated and scarce marine expertise.
Arelion Expands Presence in Mexico, Secures New Customer Conexity
Arelion said that it secured a new customer in Monterrey, Mexico, continuing its expansion into the country’s connectivity market by serving Conexity's IP service needs. Arelion will empower Conexity with low-latency, diverse connectivity to meet the technological requirements of Conexity's customers in Monterrey's private and government sectors. By leveraging its award-winning customer service team, Arelion will provide Conexity with exceptional service delivery experiences that enable technological innovation in essential industries.
Sixth Street Supports Blue Stream Fiber’s Growth and Expansion
GI Partners, a leading investor in data infrastructure businesses, has closed a deal to welcome Sixth Street, a leading global investment firm, as a strategic investor in Blue Stream Fiber. The transaction provides Blue Stream Fiber with additional resources to expand as it continues to provide leading fiber-optic connectivity services to residential and commercial customers.
Batelco and e& to Land the Al Khaleej Submarine Cable
Batelco and e& announced on February 14 that they have signed a Memorandum of Understanding (MoU) to land the Al Khaleej subsea cable system in the UAE. This MoU will see the 1,400km-long cable connecting the UAE to Bahrain, Oman, and Qatar.