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Despite the pandemic (or maybe because of it) AT&T added more than 1 million AT&T Fiber subscribers for the second year in a row in 2020. During AT&T's fourth quarter and year-end earnings call, AT&T CEO John Stankey said the telco plans to build around two million fiber residential locations this year as the pace of its fiber builds accelerates. AT&T targeted one million homes passed last year.'That's kind of what we've got the team tasked to do, and it gives you some sense of what that (fiber) increase will be,' Stankey said. 'It's two million ...
Published: 2021 - 01 - 30
Coherent stock is soaring on Tuesday after the laser maker agreed to be acquired by rival Lumentum Holdings for $5.7 billion in cash and stock. Coherent holders will receive $100 in cash and 1.1851 Lumentum shares for each Coherent share, about $214 in value.At closing, Coherent (ticker: COHR) holders will own about 27% of the combined company. Coherent notes that the deal comes at a 49% premium to its closing price on Jan. 15. Lumentum (LITE) plans to finance the cash position of the deal via cash on hand plus a new $2.1 billion debt financing. Two current Coherent directors with be added to ...
Published: 2021 - 01 - 20
Network gear maker Cisco Systems Inc CSCO.O and Acacia Communications Inc ACIA.O said on Wednesday China was yet to approve their proposed acquisition deal, already cleared by the United States, Germany and Austria.The acquisition has been under regulatory review from the State Administration for Market Regulation of the People’s Republic of China (SAMR), the only remaining closing condition of the deal, the companies said.The $2.84 billion deal was expected to close during the second half of Cisco’s full-year 2020.Last July, Cisco said it would buy optical component maker Acacia in a bid to c...
Published: 2021 - 01 - 07
Nokia today announced that it has been selected by Thai mobile operator, dtac, part of Telenor Group, as its first 5G RAN partner in a three-year deal covering the North and North Eastern regions of Thailand. With this deal, Nokia plays a key role in ensuring that dtac’s network performance is fully 5G-ready, and enabling a faster rollout of new 5G services as demand grows.Nokia has been in Thailand for over 30 years with the deployment of 2G, 3G and 4G networks and will now provide 5G connectivity that will support the country’s efforts to digitize as part of its ‘Thailand 4.0’ economic strat...
Published: 2020 - 12 - 30
Hanoi (VNA) - Vietnam Post and Telecommunications Group (VNPT) announced on December 19 it officially launches VinaPhone 5G network in Hanoi and HCM City.This is a milestone in Vietnam's technology development as 5G technology is bringing about important changes in all aspects of social life while at the same time laying a solid foundation for building a digital government in the country.Upon the successful launch of the Vinaphone 5G network, Deputy Minister of Information and Communications Phan Tam said to date, three big telecommunications and information technology enterprises have hel...
Published: 2020 - 12 - 23
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