There’s a lot of discussion around the digital acceleration and transformation to new work environments. In this video, Rupesh Chokshi, Vice President of AT&T Cybersecurity, discusses how SASE as a framework helps customers with their transformation to the work-from-anywhere and hybrid work environments.
Ciena will acquire AT&T's Vyatta virtual routing and switching technology. In addition, Ciena has agreed to support the Vyatta routing platform in AT&T’s wireless network across multiple 5G use cases, enterprise business services and virtual networks with cloud scalability. Financial terms were not disclosed.
Ciena said the acquisition reflects its continued investment in its Routing and Switching roadmap to address the growing market opportunity to transform the edge, including 5G networks and cloud environments. Ciena plans to integrate the team of engineering specialists into its Routing and Switching research and development (R&D) organization.
“The addition of the Vyatta talent and assets to our Routing and Switching business will extend Ciena’s success in helping customers create virtualized networks and deploy new features faster and cost effectively across 5G, enterprise and cloud use cases,” said Scott McFeely, Senior Vice President, Global Products and Services at Ciena.
“This agreement is a sign of the maturity of the ecosystem and encompasses years of innovation, collaboration and expertise,” said Andre Fuetsch, Chief Technology Officer of Network Services at AT&T. “Our acquisition of the Vyatta assets in 2017 helped us virtualize 75% of our network and led to the development of the first telco grade open-source network operating system. We’re looking forward to the continued use of Vyatta and the development of new use cases as a result of this transaction.”
AT&T agreed to acquire Vyatta network operating system and associated assets of Brocade Communications Systems. Financial terms were not disclosed. The deal is contingent on the completion of Broadcom's acquisition of Brocade.
The Vyatta network operating system, including its virtual network functions (VNFs) and distributed services platform, software under development as part of its unreleased roadmap, existing software licenses, and related patents and patent applications. AT&T plans to hire certain Brocade employees associated with that business, who are located mainly in California and the UK.
AT&T said the Vyatta software bolstera its ability to deliver cloud or premises-based VNFs, starting with its previously announced SD-WAN cloud service with VeloCloud.
“Our network transformation effort lets us add new features quicker than ever before at a much lower cost,” said Andre Fuetsch, chief technology officer and president of AT&T Labs. “Being able to design and build the tools we need to enable that transformation is a win for us and for our customers.”
Vyatta could also boost AT&T’s white box platform capabilities. In late March, AT&T completed a trial with a handful of companies and industry groups to design and build its own white box switches to manage data traffic more efficiently across our network.
http://www.att.com
http://www.broadcom.com
Singtel confirmed that its 5G network now covers over two-thirds of Singapore. New 5G sites have been added in densely populated areas like Choa Chu Kang, Punggol, Sembawang and Tampines. In addition, it has expanded its 5G indoor coverage to more major shopping malls island-wide such as Funan, West Mall, Tampines Mall, Northpoint City and Waterway Point.
Singtel highlighted new entertainment experiences powered by its 5G SA network:
In addition, Singtel signed a Memorandum of Understanding (MOU) with Ericsson and global industry partners to collaborate on the development and deployment of advanced 5G enterprise solutions in Singapore.
Mr Yuen Kuan Moon, Group CEO of Singtel said, “With the maturing of 5G technology, we’re excited to unlock the benefits of a 5G-enabled reality for consumers and enterprises. Its potential to transform business models and deliver enhanced products and services on a scale like never before, will spur Singapore’s digital economy as the country moves into post-COVID recovery. As part of our strategic reset to focus on 5G, we are accelerating our roll-out and the creation of new services. We’re proud to be leading the 5G charge and forging the next chapter of this digital era.”
Ciena reported revenue of $988.1 million for its fiscal third quarter ended July 31, 2021, up 1.2% compared to same period last year. Ciena's GAAP net income for the fiscal third quarter 2021 was $238.2 million, or $1.52 per diluted common share, which compares to a GAAP net income of $142.3 million, or $0.91 per diluted common share, for the fiscal third quarter 2020. Ciena's GAAP net income for the third quarter of 2021 benefited from the recording of a $124.2 million tax benefit related to an internal transfer of non-U.S. intangible assets.
“We delivered outstanding fiscal third quarter results that reflect continued momentum in our business as well as our differentiated position in the market,” said Gary Smith, president and CEO of Ciena. “These results combined with a robust demand environment give us confidence that we will deliver our expected strong second half performance.”
Some highlights for the quarter:
https://investor.ciena.com/events-and-presentations/default.aspx
Citing demand from hyperscale data centers and telecom operators, Broadcom reported quarterly revenue of $6.778 billion, up 16% from $5.821 billion for the same period last year.
"Broadcom delivered record revenues in the third quarter reflecting our product and technology leadership across multiple secular growth markets in cloud, 5G infrastructure, broadband, and wireless," said Hock Tan, President and CEO of Broadcom Inc. "We are projecting the momentum to continue in the fourth quarter."
"Our business model continues to perform. Consolidated revenue grew 16% year-over-year to $6.8 billion and operating profit increased 24% with adjusted EBITDA margin a record 61%," said Kirsten Spears, CFO of Broadcom Inc. "We generated $3.4 billion in free cash flow or 51% of revenue in the quarter, and we expect free cash flow to remain strong in the fourth quarter."
GTT Communications has entered into a Restructuring Support Agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a comprehensive restructuring of the company’s remaining balance sheet following completion of the pending sale of its infrastructure division.
GTT said it expects to expeditiously close the previously announced sale of its infrastructure division to I Squared Capital in the coming weeks, allowing the company to repay a significant portion of its secured debt.
Following the close of the sale of the infrastructure division, GTT and certain of its direct and indirect subsidiaries intend to commence prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York to effectuate a deleveraging of GTT’s post-sale capital structure. GTT’s foreign businesses and operations outside of the U.S. are not included in the contemplated filing and will be unaffected by the chapter 11 cases. The company expects to emerge from this process after obtaining the necessary regulatory approvals for the restructuring.
GTT is operating and serving its customers in the U.S. and globally without interruption.
Ernie Ortega, Chief Executive Officer of GTT, stated, “This global agreement among each of our creditor constituencies resulted from extensive negotiations and reflects the ongoing commitment of our debtholders to the business. Our performance has been strong year-to-date, and we have a very competitive product portfolio in growing segments of the market, such as SD-WAN. To continue this momentum, we are working together with our debtholders to improve GTT’s financial health and this is a major milestone to accomplish this goal.”
https://www.gtt.net/us-en
GTT Communications will sell its infrastructure division to I Squared Capital, an independent global infrastructure investment firm, for $2.15 billion.
Gautam Bhandari, managing partner at I Squared Capital stated, “Now more than ever, digital infrastructure is an essential asset class as societies across the globe rely heavily on high-speed digital bandwidth. This acquisition builds upon I Squared Capital’s overarching global digital infrastructure strategy and experience with complex carve-outs to expand the reach of our platforms across Asia, Europe and North America.”
indie Semiconductor agreed to acquire TeraXion, a supplier of photonic components, including low noise lasers, Bragg gratings and integrated photonic elements to address high-performance applications, for approximately US$159 million, comprised of US$80 million in cash plus a fixed number of eight million indie Class A common shares, based on share prices on 30-Aug-2021.
TeraXion is an optical sensing reference design partner of indie, supporting next-generation Frequency Modulated Continuous Wave (FMCW) systems for automotive light detection and ranging (LiDAR).
“Given the critical role LiDAR plays in achieving maximum levels of safety for assisted and self-driving cars, we are excited to welcome TeraXion’s world class design team and integrate their differentiated IP and product portfolio,” said Donald McClymont, indie’s co-founder and chief executive officer. “Specifically, TeraXion has developed leadership laser technologies that, when optimized together with our SoC solutions, enable order of magnitude improvements in both system performance and cost. Accordingly, this highly synergistic combination built on a shared vision and strong cultural fit, positions indie to accelerate mass market deployments of LiDAR platforms.”
“TeraXion is thrilled to be joining forces with indie to take our business to the next level,” said Ghislain Lafrance, TeraXion’s president and chief executive officer. “By combining indie’s mixed-signal, DSP, software and power management experience with our laser and sensing technologies, together we intend to enable truly unparalleled solutions for ADAS and autonomous driving as well as adjacent high reliability applications.” Mr. Lafrance plans to join indie’s senior management team and continue to lead TeraXion’s operations in Quebec.
Asiacell Telecom, Iraq’s leading telecommunications services provider, selected Nokia to build its next-generation microwave network.
For this project, Nokia will replace legacy microwave equipment by either modernizing or deploying approximately 3,000 network links across multiple locations in Iraq over the next five years. The network will use Nokia's Wavence microwave packet radio portfolio.
STL, an industry-leading integrator of digital networks, has appointed Paul Atkinson as the Chief Executive Officer for its Optical Networking Business, replacing Ankit Agarwal, who has played a crucial role in STL's global expansion in the Optical business. Agarwal widened the portfolio with the acquisition of Optotec & Metallurgica Bresciana and increased STL's scale and presence in Italy, UK, US, Brazil and China. Agarwal will now focus on driving the strategy and growth across STL.
Before STL, Atkinson was the Managing Director and Group CEO at IXOM, Australia. Prior to IXOM, Paul was associated with the Prysmian Global for over 20 years as the CEO of affiliates and regions across the world.
Commenting on this development, Dr. Anand Agarwal, Group CEO, STL, said: "Optical connectivity and networks have always been our core and with Ankit at the helm, we have passionately put this business on the global map. I look forward to partnering with Ankit in the strategic growth of the company. I welcome Paul and wish him the best. I am confident that with his exceptional global experience, he will take the Optical Networking business to the next level."
