Verizon, AT&T and T-Mobile just spent $80 billion in an auction, and what it will mean for 5G

KKR has entered into an agreement with Telefónica, a leading global telecommunications company, to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile.

At 340 square miles, the City of Memphis is among the largest in the United States in terms of land area. Memphis has over 6,800 lane-miles of city streets, enough to drive back and forth to Los Angeles four times. Keeping these streets well maintained and safe for citizens and visitors is a major priority for the city.

Telecom giant AT&T, led by CEO John Stankey, has struck a deal to sell a minority stake in its satellite TV unit DirecTV, AT&T TV and its U-Verse business to private equity firm TPG. The companies will form a new venture, to be called DirecTV, that will own and operate the pay video services.

Ericsson launched three new radios in its Massive MIMO portfolio and expanded its RAN Compute portfolio with six RAN Compute products to accelerate 5G mid-band rollouts. The new solutions are powered by Ericsson Silicon – the company’s system on a chip (SoC) range that provides advanced processing capabilities for a rapid evolution of energy-efficient and high-performing networks.

SubCom and Google announce that the deployment and testing of the Dunant submarine cable system has been completed and the system is ready for service.

Ocean Networks, Inc. (ONI) has revealed plans for the Caribbean Express (CX) Project, which will see construction of an 18-fiber-pair submarine cable system between Florida and Panama. In addition to landings at West Palm Beach, FL, and Balboa, Panama, Caribbean Express also will provide connections to Cancun, Mexico, and Cartagena, Colombia. The submarine network will be designed for future connectivity to other countries as well. Ocean Networks says it plans to spend $300 million on the effort, with funding help from Commenda Inc., an Atlanta-based merchant bank.

Microsoft filed applications for a $123 million data center in the Elk Grove Technology Park, according to records obtained through a Freedom of Information Act order for public documents.

Cable One, Inc. has entered into a definitive agreement to acquire the equity interests in Hargray Acquisition Holdings, LLC (“Hargray”) that it does not already own. The equity interests to be acquired by Cable One represent approximately 85% of Hargray on a fully diluted basis. Cable One has been a minority investor in Hargray since October 1, 2020, when the Company contributed its system serving Anniston, Alabama and surrounding areas to Hargray in exchange for equity interests representing approximately 15% of Hargray on a fully diluted basis. The transaction, which implies a $2.2 billion total enterprise value for 100% of the equity interests of Hargray on a debt-free and cash-free basis, will expand Cable One’s presence into the Southeastern U.S. and enable Cable One to capitalize on Hargray’s experience and expertise in fiber expansion.

Bulk Fiber Networks announced today that it has engaged APTelecom to serve as its International Sales Partner to assist with the monetization of HAVFRUE, a new submarine cable system providing connectivity across the Atlantic.