Milestone: Two billion 5G connections now in service

 In the first quarter of 2024, the global adoption of 5G connections continued its steady climb, reaching nearly two billion with an addition of 185 million new connections, according to data from 5G Americas and Omdia. The study predicts that global 5G connections will reach 7.7 billion by 2028, with North America forecast to boast an impressive 700 million 5G connections by the same year.Chris Pearson, President of 5G Americas, stated, “The...

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U.S. funds 12 Tech Hubs, including quantum and photonics research

The U.S. Department of Commerce’s Economic Development Administration (EDA) has announced a new round of funding, totaling approximately $504 million, in implementation grants to 12 Tech Hubs. This funding aims to scale up the production of critical technologies, create jobs in innovative industries, enhance U.S. economic competitiveness and national security, and accelerate the growth of future-focused industries across various regions in the United...

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RVM lands CHIPs Act funding for MEMS foundry

The U.S. Department of Commerce has signed a preliminary memorandum of terms (PMT) with Rogue Valley Microdevices (RVM) to provide up to $6.7 million in proposed funding under the CHIPS and Science Act. This investment will support the construction of RVM’s microelectromechanical systems (MEMS) and sensor foundry facility in Palm Bay, Florida. This facility is expected to nearly triple RVM’s manufacturing capacity, enhancing the U.S. supply chain...

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Augtera powers AI operations for MX Technologies' SONiC data center

MX Technologies has selected Augtera Networks to power AI operations for its next-generation data center networks by leveraging Dell Enterprise SONiC switches.MX Technologies is a financial technology company specializing in providing data-driven financial management solutions. In 2023, the company augmented its legacy network monitoring tools with the Augtera Network AI platform in its data center networks. This new solution enabled MX to enhance...

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Frontier offers $750M notes secured by fiber assets

Frontier Communications announced the closing of its previously announced fiber securitization notes offering. The offering consists of $750 million aggregate principal amount of secured fiber network revenue term notes, consisting of $530 million 6.2% Series 2024-1, Class A-2 term notes, $73 million 7.0% Series 2024-1, Class B term notes and $147 million 11.2% Series 2024-1, Class C term notes, each with an anticipated repayment date in May...

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Alabama Fiber Network selects Ciena

Alabama is investing over $300 million, funded largely by the American Rescue Plan Act, to expand an open access middle-mile network throughout the state. This initiative aims to improve broadband infrastructure by working with several last- and middle-mile providers. One significant beneficiary of this investment is the Alabama Fiber Network (AFN), a coalition of eight rural electric cooperatives. AFN is leasing dark fiber and constructing new infrastructure...

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Rogers runs Ericsson's Cloud RAN at live event

Rogers Communications, in partnership with Ericsson, successfully trialed 5G Cloud-Radio Access Network (Cloud RAN) technology at a nearly sold-out Toronto Blue Jays game on Canada Day. The test marked the first time Cloud RAN has been deployed over a commercial network at a live event in Canada.Cloud RAN builds on the company’s national standalone 5G core network, which Rogers was first to launch in 2021. Earlier this year, Rogers successfully...

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Airspan advances its Chapter 11 reorganization plan

Airspan Networks announced that the United States Bankruptcy Court for the District of Delaware has confirmed its Plan of Reorganization.Under the reorganization plan, Airspan will receive up to $95 million in equity financing, as well as access to a $20 million undrawn line of credit. In addition, Airspan’s existing funded debt will be eliminated. Once the plan is implemented, Airspan will become a private company majority-owned by affiliates of...

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