Business

Partners Group funds Seabras-1 cable linking US and Brazil

The first direct undersea fibre-optic cable between New York, US, and Sấo Paulo, Brazil, called Seabras-1, is now fully funded thanks to equity investment by the Partners Group, a private investment fund.

In related news, Tata Communications has agreed to buy "substantial capacity" on the submarine cable system.

Nikos Theodosopoulos joins ADVA's supervisory board

ADVA Optical Networking has named Nikos Theodosopoulos as Chairman of its three-person supervisory board.

Following a unanimous proposal by ADVA's management board, the court appointed Nikos Theodosopoulos as a member of the supervisory board until the next General Meeting.

Nikos Theodosopoulos succeeds Anthony Maher, chairman of the supervisory board since 2009, who died unexpectedly in November last year.

Emcore’s tunable lasers move to NeoPhotonics

NeoPhotonics will become a major supplier of tunable lasers following its acquisition of tunable laser and optical transceiver assets from Emcore, which closed on 5 January.

Emcore received $17.5 million (€14.9 million) for the assets, $1.5 million in cash now and $16 million in the form of a promissory note that will mature in two years.

The principal amount of the promissory note is subject to repayment under certain, unspecified circumstances, as well as to a number of post-closing adjustments including inventory, net accounts receivable, and pre-closing revenue levels.

Covage wins second FTTH contract in Seine-et-Marne

French company Covage has been awarded a contract with the local government to deploy a fibre-to-the-home (FTTH) network in Seine-et-Marne, a département located to the east of Paris.

Covage will sell a variety of dark and lit fibre services to retail service providers over the network, which will pass 319,000 homes once it is complete. The aggregate investment over the 25-year contract term is expected to reach in excess of €350 million.

Ovum predicts rise in capital expenditure for service providers

New research from Ovum, a telecoms analyst company, has found that revenue growth rates for communications service providers (CSPs) remain modest in 2014. This, coupled with its prediction that CSP capital expenditure will total more than US$2tn in 2014–19, means that CSPs must continue to do more with less, leveraging new technologies, network designs, vendors, and operating models.

ESB Telecoms launches DWDM network throughout Ireland

ESB Telecoms has launched a new high-capacity DWDM network throughout Ireland using Coriant’s hiT 7300 Multi-Haul Transport solution. The deployment of the new network supports ESBT’s vision of providing high-bandwidth services for its wholesale and enterprise customers. The new network offers enhanced transmission speeds of up to 100G and enables ESBT to cost-effectively scale to meet growing bandwidth requirements in the future.

ITU approves G.fast

ITU members last week gave final approval to G.fast, the new ITU broadband standard designed to deliver access speeds of up to 1Gbit/s over existing telephone wires.

Gigaclear continues FTTH roll-out in Oxfordshire

UK fibre broadband operator Gigaclear has announced a string of current and forthcoming network activations in its home county of Oxfordshire, UK. It recently activated six villages across Otmoor and has now made three more networks live in the villages of Wootton, Standlake and Forest Hill.

Gigaclear will be continuing with further rollouts across the remainder of Wootton, including the Boars Hill area and another new network starts construction this month across Kingston Bagpuize and Southmoor.

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