Thursday, August 22, 2019

SK Telecom tops 1 million 5G subscribers just 4 months after launch

On August 21, SK Telecom became the first mobile operator in the world to exceed the 1 million 5G subscriber mark. The company's 5G subscribers now represent more than 3.5 percent of its total subscriber base of 28 million.

The 1 million subscriber milestone was achieved 140 days after launching the world’s first 5G smartphone on April 3, which is twice faster than its LTE uptake rate. After commercializing the LTE service in July 2011, the company hit the 1 million LTE subscriber mark in eight months.

The 5G service is also driving up customers' data usage. According to SK Telecom’s analysis on 5G subscribers, the average monthly data usage of customers who switched devices from LTE to 5G has increased about 65 percent from 20.4GB (LTE) to 33.7GB (5G).

The recent launch of Galaxy Note 10 5G is expected to further drive the increase of 5G subscribers. SK Telecom has launched three 5G smartphones – Galaxy S10 5G, V50 ThinQ 5G, Galaxy Note 10 5G – so far and plans to strengthen its 5G device line-up.

Ryu Young-sang, Vice President and Head of MNO Business of SK Telecom, said, "SK Telecom will continuously develop innovative contents and services specially designed and optimized for 5G network to provide differentiated experiences to our 5G subscribers."

VMware to acquire Pivotal for $2.7 billion, focus on Kubernetes

VMware agreed to acquire Pivotal Software at a valuation of $2.7 billion.

Pivotal supplies a developer-centric platform, tools and services that accelerate modern app development. Pivotal is also a major contributor to the Spring developer framework, which sees more than 75 million downloads per month. The company is fully embracing Kubernetes with the recent launch of Pivotal Spring Runtime for Kubernetes and the upcoming Pivotal Application Service for Kubernetes. Pivotal was founded in 2013 and completed its IPO in 2018.

VMware and Pivotal noted their shared history of collaboration and joint innovation, reflected in the co-development and launch of VMware Pivotal Container Service (PKS) in February of 2018. VMware has increased its Kubernetes-related investments over the past year with the acquisition of Heptio, and the Kubernetes founders, to become one of the top three contributors to Kubernetes.

“The time is ideal to join forces with VMware, an industry leader who shares our commitment to open source community contributions and our focus on adding developer value on top of Kubernetes,” said Rob Mee, CEO, Pivotal.  “VMware has a proven track record of helping organizations run and manage consistent infrastructure in support of mission critical applications, and our two companies have already built a strong foundation on our successful VMware PKS collaboration. We look forward to continuing our work with VMware to provide even more value to customers building modern applications.”

“Kubernetes is emerging as the de facto standard for multi-cloud modern apps. We are excited to combine Pivotal’s development platform, tools and services with VMware’s infrastructure capabilities to deliver a comprehensive Kubernetes portfolio to build, run and manage modern applications,” said Pat Gelsinger , CEO of VMware. “Importantly, adding Pivotal to our platform, accelerates our broader Any Cloud, Any App, Any Device vision and reinforces our leadership position in modern multi-cloud IT infrastructure.”

https://investors.pivotal.io/news/financial-news/press-release-details/2019/VMware-Signs-Definitive-Agreement-to-Acquire-Pivotal-Software/default.aspx

VMware to acquire Carbon Black for $2.1 billion - cloud endpoint protection

VMware agreed to acquire Carbon Black in an all-cash transaction for $26 per share, representing an enterprise value of $2.1 billion.

Carbon Black is a leading next-generation security cloud provider with more than 5,600 customers and 500 partners globally. Carbon Black's cloud-native security platform leverages big data and behavioral analytics to provide comprehensive endpoint protection. The company analyzes more than 500B events per day across millions of global endpoints. The company is based in Waltham, MA.

VMware said the combination of Carbon Black’s solutions with its own security offerings, including AppDefense, Workspace ONE, NSX and SecureState, will create a modern security cloud platform for any application, running on any cloud, on any device.

“The security industry is broken and ineffective with too many fragmented solutions and no cohesive platform architecture. By bringing Carbon Black into the VMware family, we are now taking a huge step forward in security and delivering an enterprise-grade platform to administer and protect workloads, applications and networks,” said Pat Gelsinger, CEO, VMware. “With this acquisition, VMware will also take a significant leadership position in security for the new age of modern applications delivered from any cloud to any device.”

“Today marks an exciting milestone for Carbon Black, VMware and the entire cybersecurity industry,” said Patrick Morley, CEO, Carbon Black. “We now have the opportunity to seamlessly integrate Carbon Black’s cloud-native endpoint protection platform into all of VMware’s control points. This type of bold move is exactly what the IT and security industries have been looking to see for a very long time. We look forward to working with the VMware team to continue delivering a modern security cloud platform to customers around the world. Additionally, we’re pleased that today’s transaction provides Carbon Black’s shareholders with immediate and substantial value.”

Advancing SD-WAN Market Growth Through Standardization



MEF Annual Meeting – July/Aug 2019, Ralph Santitoro, Head of SDN/NFV/SD-WAN Services, Fujitsu Network Communications, explains MEF's motivation for leading the industry in standardizing SD-WAN services, describes the standards development process, and explains how the SD-WAN journey will evolve with the introduction of service and professional certification programs in 4Q 2019.

Download SD-WAN Standard

MEF’s SD-WAN Service Attributes and Services (MEF 70) standard describes requirements for an application-aware, over-the-top WAN connectivity service that uses policies to determine how application flows are directed over multiple underlay networks irrespective of the underlay technologies or service providers who deliver them. Download here: http://bit.ly/2zkqvIo

MEF 3.0 SD-WAN Background

SD-WAN service standardization has been conducted within the context of the MEF 3.0 Global Services Framework. It is part of a transformational initiative to define, deliver, and certify a family of dynamic Carrier Ethernet (CE), Optical Transport, IP, SD-WAN, and security services orchestrated across automated networks using LSO (Lifecycle Service Orchestration) APIs.

Combining standardized SD-WAN services with dynamic high-speed underlay connectivity services will enable service providers to offer MEF 3.0 hybrid networking solutions with unprecedented user- and application-directed control over network resources and service capabilities.

Explore SD-WAN at MEF19

To explore the latest on SD-WAN innovations and engage with industry-leading service and technology experts such as Ralph Santitoro, attend MEF19 (http://www.MEF19.com), held 18-22 November 2019 in Los Angeles, California.


Molex opens Optical R&D lab in NJ, focus on WSS

Molex inaugurated a new research and development facility in Bridgewater, New Jersey. A ribbon cutting ceremony was held on August 8th.

Molex said its state-of-the-art facility features eco-friendly clean rooms and extensive capabilities for designing and prototype manufacturing of optical solutions for the rapidly emerging segment of metro and long-haul telecommunications networks.

“Molex is excited to mark our Bridgewater facility grand opening to recognize the outstanding work of our talented employees in this important region, to establish a center of excellence for Wavelength Selective Switches (WSS) and to advance the development of other innovative applications of optical technology to create value for our customers and society,” said Busch.

In 2018, Molex acquired the business of New Jersey-based Nistica, which had a long entrepreneurial history within the New Jersey ecosystem.

“We are thrilled that Nistica’s footprint has more than tripled in the Garden State since the company’s formation. Molex’s commitment to Bridgewater showcases the creativity and talent of our people here in New Jersey and will enable the company to provide optical solutions to customers worldwide,” said Kathleen Coviello, vice president of technologies and life sciences investments, New Jersey Economic Development Authority (NJEDA). “This is a true NJEDA success story and we wish the Molex team all the best as it continues to grow in its newly-expanded facility.”

http://www.molex.com

Molex acquires Nistica for wavelength selective switching (WSS)

Molex has acquired Nistica, a manufacturer of wavelength selective switching (WSS) products. Financial terms were not disclosed.

Nistica, which was founded in 2005 and is based in Bridgewater, New Jersey, is a supplier of agile optical modules that simplify, automate and make affordable the delivery of high bandwidth applications for the global telecommunication markets. The company specializes in WSS, a signal routing engine for metro/long-haul telecom networks.

Molex said Nistica's wavelength management solutions will enhance its portfolio of solutions for metro and long-haul networks. Nistica’s business will be integrated into the Molex Optical Solutions Group, a global provider of optical solutions, including a wide range of optical connectivity, optoelectronics, and optical transport products.

"With the build-out of 5G wireless networks and the growth in data center traffic, our customers are looking for novel optical solutions at the edge and in the core of optical networks," added Ashish Vengsarkar, CEO of Nistica. "The acquisition by Molex enables us to scale in capacity and bring a comprehensive portfolio of next-generation products to the market.”

Tibit raises $25M for 10G PON Microplug

Tibit Communications, a start-up based in Petaluma, California, announced the completion of the Series B funding led by Intel Capital and including two new investors – Swisscom Ventures and AJU IB Investment.

Tibit's MicroPlug OLT is a network access device for 10-Gigabit optical networking that reduces the amount of application-specific hardware needed for network deployments.The company says its standard-based SFP+ form factor allows the device to plug into almost any 10G switch port, greatly expanding architecture options for carriers. All this is enabled by the Tibit bridge ASIC, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.

"Tibit's MicroPlug OLT and cloud-based management solutions disrupt the PON market in specifically the areas that carriers are looking to unlock on their networks – interoperability, solution disaggregation, and network virtualization. We see their solution as uniquely positioned to help carriers enable next-generation architectures for access and management solutions," according to Pär Lange of Swisscom Ventures.

"We are pleased with the caliber of investors we have attracted to invest in our revolutionary pluggable PON technology," said Richard Stanfield, President and CEO of Tibit. "This includes the Series B participation of Tibit's existing investors, Intel Capital's lead role in this round, and now the entry of the investment arm of global telecommunications leader Swisscom Ventures and Korea's leading venture capital investor AJU IB Investment."

Dave Flanagan, vice president of Intel Corp. and senior managing director of Intel Capital, states that "the Tibit MicroPlug technology is a great example of the power of virtualization. It provides more flexibility, higher density and lower cost by deploying PON in general-purpose Ethernet switching equipment and management solutions, which can be entirely virtualized on Intel® processor-based servers."

The funding round was led by Intel Capital. TiBit was founded in 2014.

http://tibitcom.com/

Verizon signs Boingo to bring 5G in airports, office buildings, stadiums, etc.

Verizon is working with Boingo Wireless to bring 5G Ultra Wideband service indoors and to public spaces – places like airports, stadiums and arenas, office buildings, hotels, etc.

Boingo is a leading distributed antenna system (DAS), small cells and Wi-Fi provider.

The companies confirmed that they are working together to architect a hyper-dense network designed for large and small indoor spaces as part of Verizon’s ongoing 5G network expansions.

In addition, Verizon announced the expansion of its 5G service to Phoenix, Arizona. Initially, Verizon 5G Ultra Wideband service will be concentrated in Downtown Phoenix around several well-known landmarks, including: Phoenix Convention Center, Talking Stick Resort Arena, The Orpheum Theatre, CityScape, and Chase Field. It will also be available in Tempe, on the Arizona State University campus.


CBTS delivers Cisco SD-WAN

CBTS (formerly Cincinnati Bell Technology Solutions) is now offering Cisco SD-WAN as a Service.

CBTS is leveraging SD-WAN technology to support more than 600 customers and 4,000 networks that stretch over eight countries.

CBTS notes that it is the first Cisco Cloud and Managed Services Provider Master partner to hold designations for five strategic Cisco Powered services:

  • Cloud Managed SD-WAN
  • Webex Service Provider
  • Cloud Calling
  • Cloud Managed Access
  • Cloud Managed Security

“CBTS values its strong partnership with Cisco, and we are proud to add Cisco SD-WAN as Service to our suite of communications solutions and products,” said Joe Putnick, Vice President and Principal of the CBTS Communications Practice. “This is another powerful solution that will help our clients support customers, empower employees, and drive business outcomes in a cost-efficient manner.”



Dell'Oro: Microwave transmission market dips 4% in 1H19

The Microwave Transmission market declined 4 percent year-over-year (Y/Y) in first half 2019 due to reduced demand in India, according to a new report from Dell'Oro Group.

“Although we expected the Microwave Transmission equipment market to contract this year, we were surprised by the magnitude of decline in India,” stated Jimmy Yu, Vice President at Dell’Oro Group. “We estimate microwave revenue in India declined an astounding 70 percent Y/Y in the first half of 2019. As a result of this weaker environment in India, a critical country for microwave sales, the worldwide Microwave Transmission equipment market contracted 4 percent. On a brighter note, if we look at the world market excluding India, the Microwave Transmission market grew at a very healthy rate of 10 percent in the same period,” continued Yu.

Additional highlights from the 2Q 2019 Microwave Transmission Quarter Report:

  • E/V Band microwave system revenue grew 9 percent Y/Y in the first half of 2019.
  • In 2Q 2019, the top three manufacturers measured by worldwide Microwave Transmission revenue were Huawei, Ericsson, and Nokia.
  • Huawei was placed on a U.S. Entity List, restricting U.S. companies from selling certain components to Huawei and its subsidiaries, in May 2019. Huawei revenue was not impacted by this restriction in 2Q 2019. In the quarter, Huawei gained an additional 2 percentage points of market share compared to last year.

Zayo to provide London-Amsterdam link for global media company

Zayo was selected by a global media company to deliver connectivity between two key production hubs in Amsterdam and London.

As part of the deal, Zayo will extend its network reach to Hilversum Media Park, which is located just outside Amsterdam and is home to a number of national, European and global media companies. In addition, Zayo will also extend and upgrade its network reach in Rotterdam, the second-largest city in the Netherlands and a key hub for the logistics and petrochemical industry.

“Our extensive experience working with broadcasters and content distributors means we understand just how crucial reliable, diverse and low-latency connectivity is to their overall business,” said Ian Cunningham, Zayo’s managing director for Europe. “We’re excited that this customer has chosen to trust Zayo with this vital element of their business.”

Huawei to cut staff in Australia following 5G ban

Huawei Australia is expected to slash its workforce in Australia by 50% due to the ban imposed by the federal on participating in 5G rollouts.

According to The Australian and other media reports, Huawei currently employs more than 700 people in Australia.

Huawei has also withdrawn from membership in the Australian Mobile Telecommunications Association (AMTA).

https://www.theaustralian.com.au/business/technology/huawei-australia-resigns-from-amta/news-story/11ca4fd9454d33157216f5d34e9fcbcc

Wednesday, August 21, 2019

MEF publishes SD-WAN standard

MEF officially published SD-WAN Service Attributes and Services (MEF 70) -- the industry’s first global standard defining an SD-WAN service and its service attributes. The standard was officially approved by MEF members and ratified by the MEF Board of Directors at the organization’s recent Annual Members Meeting.

The SD-WAN standard describes requirements for an application-aware, over-the-top WAN connectivity service that uses policies to determine how application flows are directed over multiple underlay networks irrespective of the underlay technologies or service providers who deliver them.

MEF 70, among other things, defines:

  • Service attributes that describe the externally visible behavior of an SD-WAN service as experienced by the subscriber.
  • Rules associated with how traffic is handled.
  • Key technical concepts and definitions like an SD-WAN UNI, the SD-WAN Edge, SD-WAN Tunnel Virtual Connections, SD-WAN Virtual Connection End Points, and Underlay Connectivity Services.
SD-WAN standardization offers numerous benefits that will help accelerate SD-WAN market growth while improving overall customer experience with hybrid networking solutions. Key benefits include:

  • Enabling a wide range of ecosystem stakeholders to use the same terminology when buying, selling, assessing, deploying, and delivering SD-WAN services.
  • Making it easier to interface policy with intelligent underlay connectivity services to provide a better end-to-end application experience with guaranteed service resiliency.
  • Facilitating inclusion of SD-WAN services in standardized LSO architectures, thereby advancing efforts to orchestrate MEF 3.0 SD-WAN services across automated networks.
  • Paving the way for creation and implementation of certified MEF 3.0 SD-WAN services, which will give users confidence that a service meets a fundamental set of requirements.
“We want to thank the SD-WAN team for the incredible job they have done in bringing this industry-first standard to market in a timely manner,” said Nan Chen, President, MEF. “Combining standardized SD-WAN services with dynamic high-speed underlay connectivity services – including Carrier Ethernet, Optical Transport, and IP – enables service providers to deliver powerful MEF 3.0 hybrid networking solutions with unprecedented user- and application-directed control over network resources and service capabilities.”

MEF already has begun work on the next phase of SD-WAN standardization – MEF 70.1 – that will be of high interest to many enterprises. This work includes defining:
  • Service attributes for application flow performance and business importance.
  • SD-WAN service topology and connectivity.
  • Underlay connectivity service parameters.
MEF also is progressing related standards work focused on:
  • Application security for SD-WAN services.
  • Intent-based networking for SD-WAN that will simplify the subscriber-to-service provider interface.
  • Information and data modeling standards that will accelerate LSO API development for SD-WAN services.
“We’re seeing a significant change in how customers are using SD-WAN now versus two years ago, and that evolution is what makes service standards from MEF so critical. Today, and moving forward, SD-WAN is about delivering application performance. As the underlying networks — Optical Transport, Carrier Ethernet, and IP — are under greater pressure to be more ubiquitous, easy to provision, on-demand and elastic, that is where the MEF 3.0 construct comes into play. MEF’s role is creating a standards-based, intelligent network across multiple carriers that will eliminate friction as we work with each other to deliver application performance at the level of efficiency our customers are seeking,” stated Roman Pacewicz, Chief Product Officer, AT&T Business.

“Verizon is pleased to support MEF’s industry-leading SD-WAN standardization work. SD-WAN is the way to interface policy with an intelligent software defined network, and standardization makes it easier for integration to work across multiple types of underlying transport services. What that means for our end customers is it lets them get a better overall experience relative to their applications, with support for a broader range of use cases, guaranteed service resiliency, and improved service capabilities in an always on, always connected world,” stated Shawn Hakl, Senior Vice President Business Products, Verizon.

In addition, MEF remains on track to launch its MEF 3.0 SD-WAN Certification pilot program in 4Q 2019. This certification will test a set of service attributes and their behaviors defined in MEF 70 and described in detail in the upcoming MEF 3.0 SD-WAN Certification Test Requirements (MEF 90) document.

https://wiki.mef.net/pages/viewpage.action?pageId=89003131



Amazon offers homegrown forecasting tool on AWS

Amazon is releasing its homegrown forecasting system as an on-demand service on AWS.

Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts based on the same technology that powers Amazon.com.

“Amazon Forecast now offers the forecasting expertise from Amazon’s first 25 years of building the world’s largest ecommerce business in a managed service for any company to leverage,” said Swami Sivasubramanian, Vice President, Amazon Machine Learning. “We’ve built sophisticated, machine learning forecasting algorithms over many years that our customers can now use in Amazon Forecast without having to know anything about machine learning themselves. We can’t wait to see how our customers use the service to reduce operating expenses and inefficiencies, ensure higher resource and product availability, deliver products faster, and lower costs to delight their customers.”

Amazon Forecast can be used to build precise forecasts for business conditions, including product demand and sales, infrastructure requirements, energy needs, and staffing levels.

Puget Sound Energy (PSE), which serves 1.1 million electric customers and 825,000 natural gas customers, is using Amazon Forecast to forecast electric and gas consumption at a typical residence.
ouses forecasting to make sure that the right product is in the right place at the right time by predicting demand for hundreds of millions of products every day.

Amazon Forecast is available today in US East (Ohio), US East (N. Virginia), US West (Oregon), Asia Pacific (Tokyo), Asia Pacific (Singapore), and EU (Ireland) with more availability zones coming soon.

https://aws.amazon.com/forecast/


Xilinx's Virtex UltraScale+ FPGA boasts 35 billion transistors

Xilinx has expanded its 16nm Virtex UltraScale+ family to now include the world's largest FPGA — the Virtex UltraScale+ VU19P.

The new VU19P FPGA boasts 35 billion transistors, the highest logic density and I/O count on a single device, according to Xilinx. The device could be used for enabling emulation and prototyping of tomorrow's most advanced ASIC and SoC technologies, as well as test, measurement, compute, networking, aerospace and defense-related applications.

The VU19P FPGA features 9 million system logic cells, up to 1.5 terabits per-second of DDR4 memory bandwidth and up to 4.5 terabits per-second of transceiver bandwidth, and over 2,000 user I/Os. It is 1.6X larger than its predecessor and what was previously the industry's largest FPGA — the 20 nm Virtex UltraScale 440 FPGA. 

"The VU19P enables developers to accelerate hardware validation and begin software integration before their ASIC or SoC is available," said Sumit Shah, senior director, product line marketing and management, Xilinx. "This is our third generation of world-record FPGAs. First was the Virtex-7 2000T, followed by the Virtex UltraScale VU440, and now the Virtex UltraScale+ VU19P. But this is more than silicon technology; we're providing robust and proven tool flows and IP to support it."

"Arm relies on Xilinx devices as part of our process for validating our next-generation processor IP and SoC technology," said Tran Nguyen, director of design services, Arm. "The new VU19P will further enable Arm, and many others in our ecosystem, to accelerate the design, development and validation of our most ambitious roadmap technologies."

The VU19P will be generally available in the fall of 2020.

https://www.xilinx.com/news/press/2019/xilinx-announces-the-world-s-largest-fpga-featuring-9-million-system-logic-cells.html

Dell'Oro:Surging 5G deployments in APAC

Healthy LTE growth and surging 5G investments in the Asia Pacific region added fuel to the Radio Access Networks (RAN) market upswing that began in the second half of 2018, according to a new report from Dell'Oro Group.

“After several years of the Asia Pacific region being a drag on the worldwide RAN market, preliminary 2Q 2019 data points indicated positive trends extended into the second quarter, adding confidence that the tides are turning in the region,” said Stefan Pongratz, Vice President with the Dell’Oro Group. “In addition to healthy demand for low-band LTE solutions and easier year-over-year comparisons following the ZTE ban last year, surging 5G mid-band deployments in China and South Korea helped to drive the acceleration of the overall RAN market,” continued Pongratz.

Additional highlights from the 2Q 2019 Mobile RAN report:

  • The Asia Pacific region, including China, comprised more than 80 percent of worldwide RAN growth between 1H 2018 and 1H 2019.
  • 5G NR growth in the APAC region was 3x to 4x the size of the incremental LTE upside.
  • Samsung and ZTE recorded the largest overall RAN revenue share gains between 1H 2018 and 1H 2019 – with the two vendors collectively gaining five points of revenue share in the Asia Pacific region.


https://www.delloro.com/news/surging-5g-deployments-in-asia-pacific-fueled-the-worldwide-ran-market/

TeraPixel tapes out its 5nm AI chip

TeraPixel Technologies announced that it recently taped out its 5nm "Extrixa Processor".

The deep-learning AI processpr is the world's first chip that uses TSMC 5nm.

TeraPixel Technologies expects to tape out the second version with the same functions as the product version with SRAM and other functional blocks. The comopany is targeting commercial release in 2021.

Zayo posts revenue of $651M, 2-3% growth rate

Zayo reported $650.6 million of consolidated revenue, including $485.4 million from the Zayo Networks segment, $66.1 million from the zColo segment and $88.0 million from the Allstream segment. This represents an annualized revenue growth rate of 2%.

Net income of $63.0 million resulting in basic and diluted net income per share during the quarter of $0.27 and $0.26, respectively. Net income was $28.3 million over the previous quarter.

During the three months ended June 30, 2019, capital expenditures were $195.8 million. As of June 30, 2019, the Company had $186.1 and $296.5 million available under its revolving credit facility.

Consolidated net installs, on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, were $1.1 million, excluding the Allstream segment. This includes $1.6 million of net installs from the Zayo Networks segment, and $(0.4) million of net installs from the zColo segment.



https://investors.zayo.com/home/default.aspx

Zayo shareholders approve acquisition by Digital Colony Partners

Shareholders of Zayo Group Holdings approved all proposals related to the definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.

“Today’s favorable shareholder vote supports our view that this transaction is a very good outcome for shareholders and will enable Zayo to accelerate its growth and strengthen its industry leadership,” said Dan Caruso, chairman and CEO at Zayo. “The entire Zayo team is excited to work with EQT and Digital Colony to leverage our fiber assets to continue to fuel global innovation.”

The closing of the deal is expected to close in the first half of calendar 2020.

Private investors to acquire Zayo for $14.3 billion in cash

Affiliates of Digital Colony Partners and the EQT Infrastructure IV fund will acquire Zayo Group Holdings for $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44.

The Zayo Board of Directors said the sale of the company to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders, as it delivers immediate and substantial value to shareholders, will strengthen Zayo’s financial flexibility, enabling the company to increase investments and better position itself for long-term growth and profitability.

The companies hope to conclude the deal by the first half of 2020.

Marc Ganzi, Managing Partner of Digital Colony, said, “Zayo has a world-class digital infrastructure portfolio, including a highly-dense fiber network in some of the world’s most important metro markets. We believe the company has a unique opportunity to meet the growing demand for data associated with the connectivity and backhaul requirements of a range of customers. We are excited to work alongside the management team and EQT to grow the business and expand its presence in the global market."

Dan Caruso, Zayo’s Chairman and CEO, said, “Digital Colony and EQT share our vision that Zayo’s Fiber Fuels Global Innovation. Both are experienced global investors in the communications infrastructure space, and they appreciate our extraordinary fiber infrastructure assets, our highly talented team and our strong customer base. I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership.”

Separately, Zayo reported consolidated revenue of $647.2 million for the three months ended March 31, 2019, including $555.2 million from the Communications Infrastructure segments and $92.0 million from the Allstream segment. Net income was $34.7 million, including $39.2 million from the Communications Infrastructure segments and a net loss of $4.5 million from the Allstream segment.

FS ships 25G BiDi transceivers

FS introduced a 25GBASE-BX10-D SFP28 1330nm-TX/1270nm-RX 10km DOM transceiver module. Transceiver units are compatible with Cisco, Juniper, Arista, Brocade, Mellanox or generic.

The list price is $209

https://www.fs.com/products/85125.html


See also