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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.

Leer más…Ocean Networks Building Caribbean Express Submarine Cable

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.

Leer más…Cable One to Acquire Hargray

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