The parent company of the internet giant and Google fiber in the United States, Alphabet, has decided to curb its expansion of high-speed fiber optic networks and reduce the manpower in those projects. Alphabet officials said that the company was curbing the fiber expansion and the staff in the unit responsible for the work. Alphabet did not provide an exact…

Indicating a clear strategy to gear up its fiber optic network deployment, the social media giant Facebook has hired one of the co-founders of Google Fiber, Kevin Lo. He joined as the director of Infrastructure Connectivity and Investments to help lead Facebook’s partnerships such as Terragraph, a project to bring Wi-Fi to dense urban areas and Facebook’s partnership with Microsoft to build a fiber optic cable.

Leading thread manufacturer, Coats Group has bought two businesses related to fiber optic businesses for a combined value of $45m. Coats hopes to expand its influence in the growing and highly profitable fiber optic market segment.

US-based Telecom network operator Verizon says they have reached an agreement with the CWA and IBEW on new contracts with the company’s 36,500 employees-mainly wireline and 165 wireless employees in the Northeast. Verizon has been in the news for the past two months ever since the operator announced massive investment plans, followed by a destructive employees strike.