Cogent acquires the legacy Sprint fiber network

Cogent Communications completed its previously announced acquisition of T-Mobile's Wireline Business, which is the legacy Sprint U.S. long-haul network. The deal greatly expands Cogent's network footprint and enables it enter the U.S. market for dark fiber and wavelength services.Cogent paid $1 as the purchase price, subject to customary adjustments for net debt and net working capital. In addition, Cogent will provide T-Mobile with IP transit services...

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Arista posts Q1 revenue of $1.351 billion

Citing a recovering supply chain, Arista reported Q1 2023 revenue of $1.351 billion, an increase of 5.9% compared to the fourth quarter of 2022, and an increase of 54.1% from the first quarter of 2022. Non-GAAP net income was $452.5 million, or $1.43 per diluted share, compared to non-GAAP net income of $268.5 million, or $0.84 per diluted share in the first quarter of 2022. Non-GAAP gross margin was 60.3%, compared to non-GAAP gross margin of 61.0%...

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Imagia raises seed funding for silicon-based optical lenses

Imagia, a start-up based in Fremont, California, announced the close of a $4.5M seed round for evelopment and initial commercial deployment of the company’s first generation of flat, silicon-based optical lenses.Imagia said its metalens technology can shrink an entire optical assembly into a planar, wafer-thin device, resulting in a dramatic reduction in size and complexity for optical assemblies. Using the patent-pending approach, Imagia can precisely...

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Lattice Semi posts Q1 revenue of $184 million, up 22%

Lattice Semiconductor, reported Q1 revenue of $184.310 million, up 22% compared to Q1 2022 and 5% compared to Q4 2022, which represented the twelfth consecutive quarter of sequential growth. Gross margin was 70.3%.Jim Anderson, president and CEO, said, "Our strong growth and customer momentum continued into the first quarter of 2023 with a 22% year-over-year increase in revenue. We drove 55% year-over-year growth in net income on a GAAP basis and...

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FCC issues fines for defaults of winning bids in RDOF auction

The FCC is proposing fines totaling $8.7 million against 22 companies for defaulting on their winning bids in the Rural Digital Opportunity Fund Phase I Auction (Auction 904).“When the Commission set up this program, it set clear rules of the road to ensure that winning bidders would fulfill their promise to use this funding to build new broadband infrastructure,” said Chairwoman Rosenworcel.  “Not following the rules has consequences.  For...

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Arm files for IPO

Arm submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of American depositary shares representing its ordinary shares. The size and price range for the proposed offering have yet to be determined. The initial public offering is subject to market and other conditions and the completion of the SEC’s review process.https://www.arm.com/...

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