Telenor sells 30% stake in its infrastructure to KKR and partners

Telenor is establishing a subsidiary that will own the passive fibre assets in Norway. This includes 130,000 km of cables, connecting upwards of 560,000 homes. The company’s assets will be transferred from Telenor Norway in a demerger process prior to completion of the transaction. Under the plan, Telenor will divest a 30% share in the new company to a consortium led by KKR, investing through its Core Infrastructure strategy. The consortium...

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SpaceX launches Intelsat Galaxy 33 and 34 GEO satellites

Intelsat Galaxy 33 and Galaxy 34 geosynchronous communications satellites were successfully launched aboard SpaceX’s Falcon 9 rocket from Cape Canaveral Space Force Station in Florida at 7:07 p.m. EDT on October 8th.Galaxy 33 will be the replacement satellite at 133 degrees west once it is in service in early November. The satellite will provide service continuity for distribution to cable headends throughout the United States.Galaxy 34 will replace...

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Lumentum expands manufacturing in Slovenia

Lumentum has expanded its manufacturing operations and advanced R&D in Škoflijica, Slovenia for specialty optical fibers that are essential components of many Lumentum products. This expansion more than doubles Lumentum's manufacturing and R&D footprint in Slovenia.The state-of-the-art facility includes a Center of Excellence for advanced R&D to develop fundamental laser component technology in addition to products. The site includes...

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RIP: Ryan Ding, 53, head of Huawei's Enterprise and Carrier Groups

Huawei noted the unexpected death of Ryan Ding Yu, president of both its enterprise business group and its carrier business group, on Friday at the age of 53. He joined the company in 1996 and served in a number of top executives roles in recent years, including on the deputy chairman of the supervisory board, and president of the corporate leadership management department.Local media report that Mr. Ding collapsed after taking part in a 28km run. "It...

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