Telecom Italia to sell fixed network assets to KKR for EUR 22 billion

TIM agreed to sell its fixed network assets (NetCo) to Kohlberg Kravis Roberts & Co. (KKR), a U.S.-based investment group.The binding offer values NetCo (excluding Sparkle) at an Enterprise Value of 18.8 billion euros, without considering any upsides associated to the potential transfer of part of the debt to NetCo and to earn-outs linked to the occurrence of certain conditions that may increase the value up to 22 billion euros. The deal includes...

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Windstream deploys VIAVI's Remote Fiber Test System

Windstream Wholesale has deployed VIAVI's Remote Fiber Test System (RFTS) into Windstream's Intelligent Converged Optical Network (ICON) to enable dark fiber and wavelength monitoring.  Fiber routes are continuously and proactively monitored to detect cable damage (intrusions, bends, kinks, etc.). This llows Windstream to expand its OTDR capabilities on network routes where in-line OTDR is not available.VIAVI RFTS includes FTH-9000 adaptive...

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Red Hat releases Edge platform for small form factor compute

Red Hat announced the general availability of Red Hat Device Edge, a platform designed for resource-constrained environments which require small form factor compute at the device edge, including Internet of Things (IoT) gateways, industrial controllers, smart displays, point of sales terminals, vending machines, robots and more.Red Hat Device Edge aggregates an enterprise-ready and supported distribution of the Red Hat-led open source community project...

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Hong Kong's Digital Edge upgrades with Juniper QFX, MX and EX series

Hong Kong-based Digital Edge has deployed  a full stack of wired and wireless upgrades from the Juniper Networks QFX series, MX series and EX series, alongside access points and Mist AI solutions. Digital Edge provides carrier-neutral colocation and connectivity services via 17 data centers across six markets in the Asia Pacific region. With ongoing plans to expand its footprint and increase its capacity to 500MW over the next five years,...

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Adtran announces Q3 revenue of $272.3m, cost reduction program

Adtran reported quarterly revenue of $272.3 million, slightly below the lower end of the guidance range.GAAP gross margin for the quarter was 27.3%, and it was negatively impacted by an inventory write-off of approximately $21.0 million as a result of the exit from certain product lines in connection with our restructuring and the newly implemented and expanded business efficiency program.Non-GAAP gross margin was 40.3%, and it was positively impacted...

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