Corning to acquire 3M's communications division for $900 million

Corning agreed to acquire 3M’s Communication Markets Division in a cash transaction valued at approximately $900 million. This business consists of optical fiber and copper passive connectivity solutions for the telecommunications industry including 3M’s xDSL, FTTx, and structured cabling solutions and, in certain countries, telecommunications system integration services. 3M’s Communication Markets Division, which is based in Austin, Texas, has...

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Ericsson confirms 5G contract with Verizon

Ericsson will provide the 5G Core network, 5G Radio Access Network (RAN), transport and associated services for Verizon's commercial 5G launch in selected U.S. markets during the second half of 2018. Financial terms were not disclosed. Verizon will deploy the pre-standard 5G commercial radio network and the 5G Core network gear. The deployment follows joint trials of fixed-wireless 5G using mmWave spectrum in multiple cities and residential neighborhoods...

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Colt cuts Tokyo-London latency to under 159 milliseconds

Colt Technology Services has cut network latency between the Tokyo to London financial centres to less than 159 milliseconds. Lower latency is highly desirable for global financial firms. “We are committed to providing global financial firms with a very fast and reliable network infrastructure together with superior customer experience. This is why we are investing heavily in low latency connectivity between the key financial centres and exchanges...

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Acacia ships pluggable coherent CFP2-DCO module for 100/200G

Acacia Communications has begun commercial shipment of a new pluggable coherent CFP2-DCO module supporting 100 Gbps and 200 Gbps transmission in a range of network applications such as including data center interconnect, metro access, metro core, long-haul, as well as emerging applications including remote PHY and client optical interfaces up to 80 km.  The CFP2-DCO supports four times the faceplate density of the CFP-DCO.  Acacia’s CFP2-DCO...

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Elliott Advisors says Qualcomm's bid for NXP is too low

Elliott Advisors (UK), which advises funds that collectively hold an economic interest in NXP Semiconductors of approximately 6%, published an open letter stating that Qualcomm's offer to acquire the company is too low. Elliot believes NXP is worth $135 per share on an intrinsic standalone basis – far above the $110 offered by Qualcomm. Elliott states Qualcomm’s offer of $110 per share is acting as "a ceiling on NXP’s valuation", noting that NXP’s...

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Menlo Security raises $40M for cloud-based threat isolation

Menlo Security, which offers a cloud-based isolation platform that prevents web-based malware from infecting local machines by running the browser in a cloud-based container, raised $40 million in Series C funding. Menlo Security describes its Isolation Platform as a digital partition, isolating and executing all web content, email links and documents in the cloud, then streaming a malware-free version of the content to employees’ computers via...

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Digicel appoints new CEO

Digicel has appointed Alexander Matuschka Greiffenclau as Group Chief Executive, replacing Colm Delves who stepped down for personal and family reasons. Delves is expected to remain as a non-executive director of Digicel. Greiffenclau previously served as Group Chief Performance Officer of VEON since mid-2015.  He previously served as Chief Transformation Officer at Nokia Networks, where he was credited as playing a key role in its transformation. Under...

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