Reports and Coverage

Global Cloud Xchange announced the completion of 3i Infrastructure plc’s (“3i Infrastructure”) $512m investment to acquire a 100% stake in GCX, a leading global data communications service provider and owner of the world’s largest private subsea fiber optic networks. The transaction closed with the help from advisors, Moelis & Company, and following receipt of all required regulatory approvals.

Read more …3i Infrastructure Completes Acquisition of Global Cloud Xchange

The Fiber Broadband Association announced its latest Broadband Community Profile designed to uncover the economic and societal impact that fiber broadband is having on rural communities across North America. Conducted by Futuriom Research and sponsored by OFS, the study shows the city of Westfield, Mass., has realized over $88 million annually in job-related benefits from the installation of fiber optic broadband.

Read more …Fiber Broadband Delivers $88 Million Job Benefits to Westfield, Mass

The FCC took a bold step forward in rejecting Elon Musk and SpaceX’s Rural Digital Opportunity Fund (RDOF) long form application, denying the company of the $885.5M award announced on December 7, 2020. This is a huge victory for the 640,000 families that had been previously relegated to Low Earth Orbit Satellite service as a result of the 2020 RDOF auction results. Further, as these families that were designated as “Starlink locations”, they were at risk of being redlined from being eligible for fiber broadband from the $42.45B NTIA BEAD broadband infrastructure funding and other federal, state, and local broadband programs. Today’s action by the FCC, rejecting SpaceX’s Starlink from RDOF funding, provides clarity and a path forward for fiber and closing the digital divide, while returning $885.5M of this precious funding back into the RDOF fund for more appropriate broadband projects.

Read more …FCC Denies Space X Funding for Rural Broadband

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