Lumentum to acquire Cloud Light for 800G+ modules and AOCs

Lumentum agreed to acquire Cloud Light, a supplier of fiber optic transceivers and active optical cables for intra-datacenter optical interconnect, in a transaction valued of approximately $750 million.Lumentum said the acquisition will accelerated its push into the fastest growing segments of the multibillion-dollar opportunity for optical modules used in cloud computing data center infrastructure. Cloud Light, which is based in Hong Kong,...

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Jabil to take over Intel's Silicon Photonics transceiver business

Jabil will take over the manufacture and sale of Intel’s current Silicon Photonics-based pluggable optical transceiver product lines and the development of future generations of such modules."This deal better positions Jabil to cater to the needs of our valued customers in the data center industry, including hyperscale, next-wave clouds, and AI cloud data centers. These complex environments present unique challenges, and we are committed to tackling...

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STL develops 160-micron fibre

STL announced a 160-micron optical fiber developed in India. This product meets telecom-grade optical performance standards and complies with the ITU G.657A2 standard.STL said its 160-micron fibre packs more capacity in limited duct space with a reduced diameter cable of 6.4mm (~32% reduction compared to 250-micron fibre). The new fibre is expected to have a major impact on India's broadband landscape. For example - In a large-scale project...

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Vantage Data Centers completes €2.5 billion financing

Vantage Data Centers completed a previously announced investment partnership in certain Vantage European data center assets backed by a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge.The Investment Partnership initially consists of six stabilized data centers in strategic locations across Europe and is valued at approximately €2.5 billion (approximately $2.7...

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Arista posts Q3 sales of $1.509 billion, up 28% yoy

Arista Networks reported Q3 revenue of $1.509 billion, an increase of 3.5% compared to the second quarter of 2023, and an increase of 28.3% from the third quarter of 2022. Non-GAAP gross margin six 63.1%, compared to non-GAAP gross margin of 61.3% in the second quarter of 2023 and 61.2% in the third quarter of 2022.  Non-GAAP net income amounted $581.4 million, or $1.83 per diluted share, compared to non-GAAP net income of $391.9 million, or...

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KMR confirms $400M investment in OMS for subsea cables

KKR, a leading global investment firm, agreed to invest $400 million in OMS Group, a leading telecom infrastructure company and provider of subsea cable services.Founded in 1988, OMS Group is a neutral provider of integrated solutions for subsea telecommunications cable services, including installation and maintenance projects. The company's clients include major subsea equipment providers, large-scale cloud service providers, and telecom companies....

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Windstream appoints Paul H. Sunu as CEO

Windstream named Paul H. Sunu has its new President and CEO, effective immediately, replacing Tony Thomas, who has decided to depart the Company and step down from the Board, following a distinguished 17 years at Windstream. Mr. Sunu has served as Chairman of the Board since 2020 and will retain his position. Mr. Sunu brings 27 years of telecom industry experience. During his tenure as CEO of FairPoint Communications, he helped improve...

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