RCom to Sell Cell-Tower and Fiber Optic Business for 4.6 Billion Dollars

India’s Reliance Communications (RCom), which is part of Billionaire Anil Ambani’s group companies, has signed a pact to sell its tower and optical fiber network assets in India to private equity firms TPG and Tillman Global in a deal estimated at about 4.6 billion US dollars. RCom intends to utilize the proceeds of the proposed transaction to reduce its debt, which is estimated at around 6.1 billion US dollars. The company officials said “a non-binding term sheet” has been signed for the proposed acquisition of RCom’s nationwide tower assets and…

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Fiber Optic Connector Market to Reach 4.9 Million Dollars by 2020

Research and Markets has issued a new report on Global fiber optic connector demand and market. According to this new report titled, “World Fiber Optic Connectors – Market Opportunities and Forecasts, 2014 – 2020 “, the global fiber optic connectors market is expected to reach $4.9 billion by 2020, registering a CAGR of 9.9% during 2015-2020. The rising demand of high bandwidth services, would primarily drive the fiber optic connectors market. Factors such as increasing cloud applications, audio and video services, TV-on-Demand and online gaming would further stimulate the growth…

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Israel to Speed up Fiber Optic Network Deployment

The director-general of Israel’s Ministry of Communications, Shlomo Filber is forming a new strategic plan for a massive deployment of fiber optic networks to manage the bandwidths that would be demanded by the 5G applications. The Ministry’s main aim is connecting one million households to a fiber optic network by 2020. These fiber optic networks will help Israel to be in the list of first 20 countries to adopt 5G. Network deployment work as per the plan has already begun several weeks ago. Top officials of Ministry of Communications are…

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