Zero Connect Plans Production Facility in Pickens County

Albia based custom cable assembly manufacturer, Zero Connect announces its plan to start operations in Pickens County, South Carolina. The officials from Zero Connect announced recently that the company will invest around US$1.3 million to start the manufacturing facility that will create 72 new jobs. Explaining his company’s expansion plans, the president Larry Kendall said: “Our expansion to Pickens County…

FCC Clears Charter Communications’ acquisition of Time Warner Cable

The antitrust regulator in the United States had given green signal and cleared a proposal from Charter Communications to acquire the cable giant Time Warner Cable. The merger of two companies will create the second largest cable company in the United States. The Department of Justice and the chairman of the Federal Communications Commission on Monday approved Charter Communications (CHTR)…

Optoscribe Raises Funds for Business Expansion

UK based Optoscribe announces that the company could raise funds for its business expansion. Optoscribe is a spin-out from Edinburgh’s Heriot-Watt University that specialises in fibre optic communications. The company has raised £1.2 million that will help the firm to find capable manpower and to expand its manufacturing capabilities. The fundraising was led by Archangels, who provided £825,000 of funding,…

Ooredoo Signs MoU with Sparkle

Qatar based Ooredoo Global Services (OGS) have signed a Memorandum of Understanding with Telecom Italia subsidiary company Sparkle to work together toward new telecommunication services. The partnership will lead the two telecom sector companies to work together to strengthen services in the voice, data, cloud, multimedia and digital spaces. “Ooredoo Global Services continues to expand its ecosystem of global partners…

OFO Posts Decrease in its Quarterly Profits

Muscat based optical fiber & cable manufacturing and Engineering company, Oman Fiber Optic Co. (OFO) has posted a 148.35% decrease in its quarterly profits, local news media reports. Profits reached OMR 601,000 ($1.56 million) in the first quarter of 2016, compared to OMR 242,000 ($626,590) in the same quarter of 2015. OFO recovered its operations from a major fire disaster…

DFA Buys Controlling Stakes of SADV

South African Open-access Fiber-optic network infrastructure provider Dark Fibre Africa (DFA) announced the acquisition of certain percentage of stake-holdings in ‘South Africa Digital Villages’ (SADV). SA Digital Villages (SADV) operates in the Fiber-to-the-Home broadband deliver market segment in South Africa. SADV can transform from its current business model to a wholesale Open-access FTTH service provider in the market. Since its…