Reuters report from MILAN that Italy’s Fiber optic broadband network provider, Open Fiber has secured enough funds from different sources required to speed up its network rollout throughout the country. Enel in a statement said that the banks, state lender CDP and the European Investment Bank had signed off on a 3.5 billion euro project finance package to help fund the ultrafast broadband network it is rolling out across the country.
Fiber networks all over the world has been increasing with the explosive growth in the data market. Globally, there are more than 5 billion kilometers of optical fibers installed, underground, aerially or under the sea. This corresponds to almost 138 million cable kilometers. It is also estimated roughly by some experts that on an average there are around 1566 fiber cuts every day. In other words, there are more than 1 fiber cut at every minute at some part of the world.
MASMOVIL Group in a press release said their fober optic network had reached 11 million households in Spain. The Company can commercialize the most attractive fiber optic convergent offer of the Spanish market, throughout its brands: Yoigo, MASMOVIL and Pepephone. The company covers all the Spanish provinces with its fiber offer.
VIAVI Solutions announced that Belgian telecommunications company Proximus has selected it’s Fiber Monitoring System for VIAVI ONMSi Optical Network Monitoring System to test and monitor Proximus’s expanding fiber-to-the-home (FTTH) network at the build-out stage to help maintain quality and reliability.
Cameroon’s Ministry of Posts and Telecommunications updated that the total distance of fiber optic networks in the country has reached to nearly 12,000 kilometers. This was achieved by installing 3,950 kilometers of backbone fiber cables as part of the third phase of national fiber optic backbone project. The third phase is completed this year. Cameroon started the first phase of the national fiber optic backbone project in 2009. Second phase was started in 2011 and was completed in 2013. Second phase consisted of 3,200 kilometers of fiber cable route. As part of the strategy, the second phase was executed at the northern region of the country.
Evolving satellite technologies may offer competitive broadband architectures in th future, India’s Telecom minister Manoj Sinha said. He was talking at an event organized by Broadband India Forum. Providing Affordable broadband to the public is a challenge to the telecommunication authorities in India. Though Indian government make every effort to deploy wired broadband through optical fibers, the reality in India makes the service providers depend on wireless technologies.
US based global pioneer in fiber optic industry, Corning Incorporated will buy another world famous fiber optic components maker 3M Communications’ Texas based unit. The deal worth US$900 million will make corning strong in the field of fiber optic accessories and components. Corning will acquire substantial stakes of all of 3M’s Communication markets division, a press release from Corning reveals. This move will strengthen Corning’s global market reach and will expand its product portfolio for high bandwidth solution market.
On November 6, Huawei Marine announced that it had started its survey work and desk study to build submarine fiber optic cable system called PEACE (Pakistan East Africa Cable Express). Huawei in collaboration with one of the key investors Tropic Science Co.Ltd will survey the cable route from Pakistan’s southern coast to the East African region. With initial work underway, the project is targeted for completion in Q4, 2019.