Business

Gooch & Housego (G&H) has acquired US fibre optic components and sub systems specialist Gould Fiber Optics (GFO) in a move designed to strengthen the company’s position, whilst providing enhanced access to strategic US aerospace and defence customers.

Ericsson is to significantly increase its minority stake in CENX after agreeing to purchase 100 per cent of the company’s shares.

Nokia has signed a €500 million loan transaction with the European Investment Bank (EIB), supported by key Investment Plan for Europe element, the European Fund for Strategic Investments (EFSI). The company plans to use the funding to further accelerate the research and development of 5G technology.

Huawei has issued a statement confirming that a ban is in place, preventing the company from providing 5G to the Australian market, in a move it calls ‘politically motivated’ rather than in the ‘long-term interests of the Australian people.’

Industry analytics firm, OpenVault has completed its year-on-year comparisons of this year’s second quarter, and found that average broadband use in Europe is growing at a significantly slower pace than in the United States.

The Berlin Commercial Internet Exchange (BCIX) has selected the Coriant Groove G30 Network Disaggregation Platform to scale its distributed peering infrastructure to help meet growing demand for high-bandwidth interconnect capacity.

In Cignal AI’s latest optical hardware report, looking at the second quarter of 2018, the research firm identified sustained spending growth in the EMEA region despite the absence of major supplier ZTE.

Global Marine has successfully completed two fibre optic cable installations, bringing high-speed connectivity to four UK North Sea oil and gas platforms. The projects were awarded to the subsea fibre optic cable installation company by operator, Tampnet.

Virgin Media and Durham County Council have reached an amicable agreement on land access terms, allowing work to resume on the network expansion in the county.

The agreement was reached prior to the case being heard by the Upper Tribunal (Lands Chamber), meaning that the UK provider will have to pay only £1 for land access to the areas which were under dispute.

Swiss cable firm, R&M has opened a new production hub in Bangalore under the ‘Make in India’ initiative, a step towards the government’s vision to create sustainable competitiveness and prosperity.