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.
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”).
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.
The US-based Pioneer Consulting’s engineering team is assisting with design, procurement, and project management of a 60 km subsea fiber optic cable across Lake Ontario. Pioneer Consulting provides technical guidance and project management for the subsea fiber optic cable owned by Canadian dark fiber provider Crosslake Fibre. This submarine fiber optic cable connects Toronto, Canada, with Buffalo, New York. The…