Wednesday, January 24, 2024

Lightstorm to acquire JGA-South and SEA-US cable assets

Lightstorm, a prominent pan-Asia cloud network infrastructure operator owned by Miami-based I Squared Capital announced plans to acquire three subsea cable systems: the JGA-North cable and substantial segments of the JGA-South and SEA-US cable systems.

The three acquired cables, spanning approximately 21,000 kilometers in total length and boasting an allocated capacity of around 64 Tbps, establish critical connections between key markets such as the United States, Guam, Japan, and Australia. This acquisition will further bolster Lightstorm's submarine capabilities, complementing its existing terrestrial Data Center Interconnect (DCI) business in the Asian region.

The cable systems are being acquired from bankruptcy court-appointed receivers in both Delaware and Singapore. Lightstorm expects the deal to close in the latter half of this year. Financial terms were not disclosed. While the sales proceesings are underway, David Zimmer, the head of Lightstorm's international subsea connectivity business, will assume the role of interim CEO to oversee day-to-day operations during this transition phase.

"We are thrilled to integrate these high-value subsea cables into our platform,” said Amajit Gupta, CEO and MD of Lightstorm Group. “This acquisition will fortify our position as a leading cloud network infrastructure provider and expand our geographic presence and service offerings by linking through expanded subsea assets such as this cable system. We are excited to build upon RTI Cable’s extraordinary achievements and wish Russ well in his future endeavors.”

“I Squared Capital portfolio companies already operate a formidable global network, and their acquisition of leading subsea cables positions the Lightstorm Group for unprecedented future growth” added RTI Cable’s founder and former CEO Russ Matulich. “It is a privilege to have worked alongside many of the industry’s best to achieve something more important than ourselves, and I look forward to celebrating their future achievements.”


Japan-Guam-Australia North Cable ready-for-service

The Japan-Guam-Australia North Cable System (JGA North), which spans approximately 2,700 kilometers from Japan to Guam, is ready for service. The cable has an initial design capacity of 24 Tbps minimum, increasing to 30 Tbps in the coming year.

JGA North seamlessly interconnects with Japan-Guam-Australia South (JGA South) in Guam.




Construction on track for Japan-Guam-Australia South Cable System 

RTI Connectivity Pte. Ltd. (RTI)  reported that construction of the Japan-Guam-Australia South Cable System (JGA South) is on schedule and will be commercially available by the end of the year.

JGA South has an initial design capacity of 36 terabits per second (Tbps), enabling carrier-neutral data centres in Sydney to connect to RTI’s combined cable landing station / neutral data centre in Piti, Guam. From Guam, JGA South connects seamlessly to key cities with neutral data centres including Los Angeles, California, USA, Tokyo, Japan, and Hong Kong, SAR, over the Southeast Asia-United States Cable System (SEA-US), JGA North and the Hong Kong Guam Cable System (HK-G), respectively.

JGA South will also connect to the Sunshine Coast, Queensland, making it the first new cable ever to land on the east coast of Australia, outside of Sydney.

http://www.rticable.com/others/JGA-S%20Ready%20for%20Subsea%20Installation%208%20Apr%202019.pdf

SEA-US Cable Secures FCC License

Hawaiian Telcom confirmed that the Federal Communication Commission has approved the landing license for the new Southeast Asia – U.S. (SEA-US) fiber cable system. The company noted that the SEA-US undersea fiber cable has been successfully connected at the shore-end in Hermosa Beach, California where construction of the cable landing station is expected to be completed later this month. The ship laying the submarine fiber is en route to Honolulu, scheduled to arrive in February.

The $250 million SEA-US cable system is designed to bypass congested, earthquake-prone regions (Luzon Straight) and optimize stable connectivity. It will deliver an initial 20 terabit per second (Tb/s) capacity.

SEA-US consortium members include Globe Telecom (Manila, Philippines), GTA (Tamuning, Guam), GTI (Los Angeles, California), RTI (San Francisco, California), Telin (Jakarta, Indonesia), and Telkom USA (Los Angeles, California).