FWD: The death of ZTE

Zhongxing Telecommunication Equipment Corporation (ZTE), one of the world's largest suppliers of network infrastructure products, informed the Hong Kong Stock Exchange that "the major operating activities of the Company have ceased".  If the notice means what we think it means, then ZTE is dead. It took only 3 weeks from the day that the U.S. Commerce Department' Bureau of Industry and Security (BIS) issued its order prohibiting companies...

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ZTE: Major operating activities have ceased

ZTE stated that "the major operating activities of the Company have ceased" due to the export ban imposed on it by the U.S. Commerce Department' Bureau of Industry and Security (BIS). The announcement was made in a regulatory filing with the Hong Kong Stock Exchange. Trading of the company's shares have been suspended since April 16th. ZTE also said that it is actively communicating with the U.S. government in order to secure a reversal of the...

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Vodafone to acquire Liberty Global operations for $22.7 billion

Vodafone agreed to acquire Liberty Global's operations in Germany, Hungary, Romania and the Czech Republic in a deal valued at approximately €19.0 billion ($22.7 billion). The combination is also notable for bringing together mobile infrastructure with cable operations. Vodafone said the acquisition accelerates its convergence story and strengthens its position as a leading next generation infrastructure owner in Europe. After the merger is complete,...

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Equinix and Telxius collaborate on cable landing station architecture

Equinix and Telxius, Telefónica's infrastructure subsidiary, are collaborating on U.S. facilities and services for the next-generation cable landing station architecture for the MAREA and BRUSA cable systems, both of which terminate at a cable landing station in Virginia Beach, Virginia. The next-generation cable landing station architecture will extend the backhaul capacity into Equinix DC2 International Business Exchange (IBX) data center, simplifying...

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EU's Metro-Haul Project aims for smarter optical infrastructure supporting 5G

The Metro-Haul Project, a Horizon 2020 European Union research and innovation program, held its third plenary meeting last month at Coriant's R&D facility in Lisbon, Portugal to discuss the practical points of convergence for access and metro networks, and the establishment of suitable architecture and fundamental structure of future metro networks. Discussions also included the critical role of storage, compute, and virtual function capabilities;...

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CenturyLink sees rise in business, dip in consumer sales

CenturyLink reported revenues of $5.95 billion for first quarter 2018, compared to $4.21 billion for first quarter 2017. Diluted earnings per share was $0.11 for first quarter 2018, compared to diluted earnings per share of $0.30 for first quarter 2017. "CenturyLink achieved solid results for first quarter 2018, the first full quarter of operations following the acquisition of Level 3," said Glen F. Post, III, CenturyLink chief executive officer....

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Infinera posts Q1 revenue of $203 million

Infinera reported GAAP revenue for its first quarter ended March 31, 2018 of $202.7 million compared to $195.8 million in the fourth quarter of 2017 and $175.5 million in the first quarter of 2017. GAAP gross margin for the quarter was 40.5% compared to 24.1% in the fourth quarter of 2017 and 36.5% in the first quarter of 2017. GAAP net loss for the quarter was $(26.3) million, or $(0.17) per share, compared to a net loss of $(40.5) million, or...

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Ryanair goes all-in on AWS

Ryanair is going "all-in" in moving its infrastructure to AWS. Ryanair, which is the leading budget airline in Europe, now plans to close the vast majority of its data centers over the next three years. The airline already runs several core production workloads on AWS, such as Ryanair Rooms and Ryanair.com, and is building a company-wide data lake on Amazon S3, leveraging Amazon Kinesis to gain deeper insights from customer and business data. “We’ve...

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Google Cloud intros managed in-memory data store for Redis

Google launched a public beta of a fully-managed in-memory data store service for Redis, The company says its Cloud Memorystore provides a scalable, more secure and highly available Redis service that is fully compatible with open source Redis, letting you migrate your applications to Google Cloud Platform (GCP) with zero code changes. Redis is an open-source in-memory database project implementing a distributed, in-memory key-value store. It supports...

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