Prysmian to acquire General Cable in deal worth $3 billion

“The acquisition of General Cable represents a landmark moment for Prysmian Group and a strategic and unique opportunity to create value for our shareholders and customers,” said Valerio Battista, Prysmian’s chief executive in a statement. The deal values General Cable at around $30.00 (£22.50) per share and has been unanimously ratified by both boards.   […]

Ogero head stakes reputation on 50 Mbps internet by 2018

“By the end of 2018, this is our objective: to have 85 percent of internet users in Lebanon enjoy … [at least] 50 Mbps,” Kreidieh told the CIO Lebanon Association’s annual conference, held at Beirut Airport. “The international benchmark is 35 Mbps.” Fifty Mbps would put Lebanon roughly on par with the U.K. and Germany, […]

AS the new vision 2030 Roadmap takes shape, Saudi business leaders prepare their firms to reap long-term benefits

Ex Tunisie Telecom exec returns as CEO

Tunisie Telecom this week confirmed the appointment of Mohamed Fadhel Kraiem as its new chairman and chief executive. Kraiem rejoins the Tunisian telco after a spell in retail; he has served as chief executive of Monoprix since February 2016. He initially joined Tunisie Telecom in mid-2010 as its deputy CEO in charge of commercial and […]

Verizon’s fiber initiative drives Prysmian to invest $15M in North American operations

This expansion will enable the company to make good on a $300 million contract it won from Verizon to build a new fiber network that will support a mix of wireless 5G, business and consumer services across multiple markets. Prysmian will supply nearly 11 million miles of ribbon and loose tube cables. News of this expansion should […]

Corning’s Weeks: We’re on track to achieve $5B in optical sales by 2020

CEO Wendell Weeks told investors during the company’s third-quarter earnings call that its current growth has set it on the path to reach this multiyear sales goal for optical communications. “We are growing at twice the rate of the telecommunications industry with global leaders like Verizon turning to us in support of their vision,” Weeks said. […]

Government allocates USD98m for Ogero ahead of fibre push

Telecoms minister Jamal Jarrah said last month that his ministry and Ogero plan to start the fibre-optic project within a few weeks, with the aim of boosting internet access speeds to at least 50Mbps ‘across the country’. Previously, the Ministry of Telecommunications (MoT) and Ogero have said they will implement an extensive fibre-to-the-cabinet (FTTC) network […]

OBC to cover 85% of Muscat with FTTH by 2020

Oman News Agency cites the company’s Director General of Projects, Salim Bin Said Al Alawi as saying that OBC will cover an additional 60,000 residential and commercial units this year, adding to its existing footprint of around 150,000 in Muscat, and representing around 55% of Muscat Governorate. In the first half of the year, OBC’s wholesale fibre-to-the-home […]

Internet : Ogero offre à Beit Misk la fibre optique

Beit Misk a officiellement inauguré le 16 septembre son nouveau réseau « fiber-to-the-home » (FTTH)  – en français « fibre optique jusqu’à l’utilisateur ». Quelque 400 appartements du complexe résidentiel du Metn-Nord vont bénéficier d’une vitesse de téléchargement pouvant aller jusqu’à 1 giga bit par seconde (gbps).   L’organisme public Ogero a pris en charge l’installation du réseau de fibre […]

Très haut débit : des députés veulent la fibre pour tous en 2025

Tout faire pour éviter que le déploiement de la fibre ne se solde, une fois encore, par une énième fracture numérique. Tel est le mot d’ordre du dernier rapport de la commission des affaires économiques de l’Assemblée nationale. Dévoilé ce mercredi, ce document, qui fait le point sur la couverture numérique du territoire, souhaite que […]