Africa based submarine and terrestrial communication network provider SEACOM has concluded a sale agreement for the 100% acquisition of FibreCo Telecommunications by its affiliate SEACOM South Africa . FibreCo owns and operates a national open access dark fibre network, providing infrastructure, connectivity and services across South Africa. The acquisition is subject to approval by the South African Competition Commission.
Chorus in a media release said that the demand for fiber connectivity has been strong for some time, but it has noticed a surge in demand in recent months. It was in April 2018, that the operator revealed the status of fiber connectivity, where the number of fiber customers was 400,000. Fiber deployments were rapidly progressing, but it has surprisingly surged and the provider has been able to meet the pressure from the market. Within approximately six months, around 100,000 numbers of fiber connections were done by its installation crew! This number corresponds to more than 5,500 fiber connections a day!
German telecommunication operator Deutsche Telekom has announced the launch of its fiber-optic network in Bautzen district benefitting nearly 56,000 households and businesses in 55 municipalities. Bautzen in east Germany, which is 184 km away from Berlin is known for it’s medieval towers.
The Subsea Communications business of TE Connectivity has been acquired by Cerberus (Cerberus Capital Management, L.P. and its affiliates), a global leader in alternative investing. The group announced the competition of the acquisition process by an official statement on November 7th and industry veteran David Coughlan has been appointed Chief Executive Officer of the new company. the business has been rebranded to SubCom, LLC (“SubCom”).