One of the world's largest electronic device producers has been weighing its options where to construct an advanced chipmaking plant in hopes of winning more American clients and narrowing the gap from other semiconductor chip leaders like TSMC.
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GTT Communications to File for Bankruptcy
GTT Communications Inc. said it plans to start prepackaged chapter 11 cases after it closes the sale of its infrastructure division to I Squared Capital in the coming weeks as it seeks to repay a significant portion of its secured debt.
HGC Extends Eyeball-as-a-Service™ to the Philippines
HGC Global Communications Limited (HGC) implemented significant expansion of its flagship ultra-low latency solution Eyeball-as-a-Service (EaaS) in the Philippines, following its initial launch in Singapore. Riding on HGC’s comprehensive set of digital infrastructures, the extended EaaS coverage is scaling to support digital globalization and faster market entry by international players to reach 400 million eyeballs in the Southeast Asia.
First Successful North American 5G SA Mid-Band Call Completed
In collaboration with Nokia and Athonet, Innovate5G has completed a successful mid-band call on a 5G standalone (SA) network. The successful call means enterprises designing for 5G can now test their applications in an actual 5G environment to better understand performance, security, and network resource usage.
Adtran to Acquire Adva Optical
Adtran announced an agreement to acquire networking services company ADVA in a deal valued at EUR789 million ($931.1 million). Under terms of the deal, each ADVA shares will be exchanged for 0.8244 shares of the stock of the new holding company, which values ADVA shares at EUR14.84 each, or a 22% premium to the three-month volume weighted average price over the past three months.