Tuesday Bytes: Uniti, NJFX, Cogent, Ciena, Telia, INAP

Here are a few interesting bits of news from the start of the week worth noting quickly:

NJFX has some new connectivity to report down on the Jersey Shore. Cogent Communications has established a presence at the company’s data center campus in Wall, NJ. Cogent operates a top-5 global backbone that spans 58K intercity route miles backed by 36K of metro fiber in 205 markets around the world. A presence at NJFX is a logical step to take given the growing interconnection nexus there.

Ciena has won a high profile convert over to its C&L-Band photonic technology. Telia Carrier is deploying the company’s 6500 RLS to further extend their US backbone network, enabling a doubling of capacity. They will use that capacity to better support their web-scale and enterprise customer base. Along for the ride will also come a selection of other gear and software from Ciena, of course.

Uniti has officially put the Windstream/Aurelius situation behind it. Alongside their Q1 numbers yesterday they got news that the US Bankruptcy Court for the Southern District of New York has approved their previously announced deal with Windstream to reconfigure their relationship. They also changed up their tower transaction with Melody Investment Advisors such that they will sell a 90% stake for $220M while retaining a 10% toehold in the business. They were also able to raise projections slightly for their 2020 revenue and EBITDA numbers.

And Internap has completed its trip through the bankruptcy system. They announced yesterday that the company and its US subsidiaries have completed the restructuring process and emerged with lower date, longer maturities, and better liquidity. Of course, they’re also privately held now, having swapped that debt for equity. They have a new CEO too, as Mike Sicoli has taken over from Pete Aquino. Now the story turns toward what path the company takes from here.

If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!

Categories: Datacenter · Financials · Internet Backbones · Telecom Equipment