Telecom Ramblings

Metro fiber specialist FiberLight (news) has been building out its network in support of the WiMAX buildout of clwr across several of its largest markets, according to a press release issued by the company on Friday.  Back in the Spring I interviewed the company’s CEO, Mike Miller, and his comments on fiber to the tower suggested that like Zayo they are seeing opportunities and have been active in the space.  Most in the sector have focused mainly on switching centers and other larger wholesale sites, but obviously Clearwire was already working with them when I asked. [Read more →]

Friday at last.  Time to catch up a bit on the articles that slipped past my nets or otherwise left me briefly speechless: [Read more →]

While M&A activity in the fiber space has been heavy, it is not the only game in town.  Yesterday, IP communications software provider Broadsoft (NASDAQ:BSFT, news, filings) announced its intention to buy a small outfit called Casabi.  It’s not a big deal, just $1.95M, and it’s not really consolidation.  Rather, Broadsoft seems to be buying technology to add to the SaaS/cloud portfolio it has been working on since the PacketSmart purchase last year.  While I do get my fair share of rumors, I hadn’t heard about this one – but [Read more →]

This summer’s surprise fiber build Spread Networks unveiled a low latency Ethernet wave service between New York and Chicago yesterday.  At just 15.75ms, the offering is easily the lowest commercially available wavelength in the game right now, but doesn’t yet bring things down to the 13.33ms range that had been highlighted over the summer.  Still, it’s probably a full millisecond faster than competing routes from Level 3, Intellifiber, and others.   [Read more →]

Yesterday, colocation and interconnection provider Telx Group (news, filings) announced another expansion of its footprint at the major carrier hotel at 111 8th Avenue in New York City.  The company intends to add another 40,000 square feet, and just six months following the 21,500 square feet it added back in the Spring.  That brings their total footprint at this facility to over [Read more →]

I noted earlier this week that we hadn’t seemed to have heard much from Equinix (NASDAQ:EQIX, news, filings) about its Ethernet Exchange offering lately.  Then just yesterday, LightReading posted this excellent Q&A with Equinix’s Jim Poole.  It’s almost as if someone was listening…  But anyway, they certainly aren’t going away and they offered a few details on where they are with this new product.  [Read more →]

They may be privately held, but every six months or so Interoute gives us a glimpse of how they’re doing, and in the first half of 2010, they continued their march forward.  Revenues grew to €139M, up from €129M in the first half of last year.  That’s a growth rate of 7.8% or so, which isn’t spectacular but is certainly respectable given the economic uncertainty over in Europe.  More importantly, they managed to drive a bigger share of that revenue into €28M in EBITDA, up from €22.7M in the first half of 2009.   [Read more →]

Last week industry bellweather Equinix (NASDAQ:EQIX, news, filings) warned of a revenue shortfall, and the entire sector shivered.  The question was whether or not the datacenter business was about to take a bit of a breather, with growth slowing down, prices softening, etc.  But a report today from Telegeography suggests its all bunk.  [Read more →]

In an effort to raise money to continue its national WiMAX network, clwr is reportedly preparing to sell off some spectrum.  The bidding is already supposedly in its second round and is being managed by Deutsche Bank AG.  The rumored price tag?  Between $2.5B and $5B, which would pay for a whole lot more WiMAX coverage – maybe even all of it if they can get $5B. [Read more →]

Two items from Level 3 Communications (NYSE:LVLT, news, filings) so far this week that are worth a look.

The company’s Vyvx division will now offer uncompressed HD video transport between the major hubs of Los Angeles, Washington DC, and New York City.  That means native, pristine 1.5 and 3.0 Gbps video broadcast feeds for things like the high profile sporting events that Vyvx specializes in.  They also mentioned PacTV [Read more →]

Ok, so it turns out that the $50M raised last week by XO Holdings (news, filings) was just the first volley of its attempt to raise cash at last.  Today the company announced that it intends to raise $200M via a rights offering.  Holders of the company’s common stock will be able to purchase shares of what will be class D preferred stock.  The company intends to use the money to fund its expansion and transformation.  And they’re doing it as promised, without raising any of that evil long term debt – at least not in name.  Unexercised rights will be [Read more →]

Network equipment maker Ciena (NASDAQ:CIEN, news, filings) today moved to raise capital in the form of convertible senior notes.  The company intends to raise $175M, with the usual over-allotment of $35M if the banks overfill their quotas.  The purpose of the funds is listed as general corporate purposes, but includes the possibility of refinancing a portion of their 0.25% converts due 2013 of which there is about $265M outstanding.  That might not happen immediately of course.  Ciena is of course in the midst of a transformation, as it integrates the former Nortel MEN business, and it seems likely to me that [Read more →]

Phoenix based datacenter operator i/o Data Centers went to the credit markets and came back with $200M, made up of two financings.  First there is a $130M long term credit facility via Wells Fargo, supplemented by a $70M secured facility from Caterpillar Financial Services.  I wonder what the significance is that the latter is the financial division of the familiar construction equipment giant.  After all, there is probably some construction in the works since i/o Data Centers surely didn’t raise the money to have it sit around.   [Read more →]

Ethernet Exchange pioneer CENX today announced a significant expansion to its presence across three continents.  New exchanges have been opened in New Jersey, Miami, Hong Kong, and London.  The presence over in Newark complements the exchange over in New York, while Miami provides a gateway to South America.  The London exchange likely comes via the company’s partnership with Interxion in Europe, from which we can likely expect further nodes to come online as well – Frankfurt most likely.  Hong Kong is the company’s first foothold in Asia, a market in which it is currently [Read more →]

Earlier this month, tndm closed its acquisition of Italian based Tinet, transforming itself into an international player in the IP and Ethernet businesses.  They had of course been building out their Ethernet Exchange sites over the summer, but the purchase of Tinet raised the stakes while posing questions about just what this company was to become.  With us today to help us clarify the company’s plans is Surendra Saboo, Neutral Tandem’s Chief Operating Officer: [Read more →]

I suppose I should have waited for the PR, since along with the $50M raised by XO Holdings (news, filings) came actual updated guidance.  But then who expects anyone to raise guidance after hours on a Friday leading into a three day weekend?  That’s when companies prefer to trickle unfavorable news into the market so that cooler heads prevail when the markets open again.  Good news is for Monday or Tuesday mornings.  But anyhow, XO’s updated guidance and the data one can derive from it looks quite good: [Read more →]

We knew that XO Holdings (news, filings) would have to raise some money soon, as their cash levels have dipped well below the $100M mark.  In an SEC filing today, it was revealed that a Carl Icahn affiliated entity called Arnos Corp has extended a credit facility to XO in the amount of $50M at the higher of 6.75% and LIBOR+525, with 0.75% on undrawn portions.  It’s a temporary measure though, as the new financing expires in just one year though, earlier if [Read more →]

With so much activity in the past few weeks, there has only really been time to take one quick look at things and move on.  Time to take a breath and a second glance.

EarthLink – The more I look at their intended purchase of Deltacom, the more it seems unfinished to me.  The synergies with the company’s New Edge business aren’t large enough to make this work out.  EarthLink’s core competency right now is generating [Read more →]

I’ve seen several surveys which ask variations of the knee-jerk question ‘would you buy a ūmi?’, but I think the answer to that is obvious right now.  Cisco doesn’t really expect to sell many of its initial home telepresence offering.  They just hope to bring up the subject so that in a year or two the market is ready and they are its daddy.  Instead, I’d like to ask readers a more forward looking question: [Read more →]

The Pacific cable system Southern Cross has extended its own expected lifetime, according to an article over on Subtel Forum.  The system connects the west coast of the US with Australia and New Zealand by way of Hawaii.  The consortium operating the cable now intends to keep doing so until at least November 2025, tacking on another 5 years past the previous date.  The extra time is due to [Read more →]

Global Crossing’s return to positive free cash flow over the past couple of years has had a lot to do with its improving performance in the North American large enterprise market.  I had the opportunity to have a conversation with Neil Barua, who is Global Crossing’s Managing Director for North America.  He began his tour with the company with Asia Global Crossing back in 2000, and has served in various executive roles since then.  With no further ado, let’s dive into the Q&A: [Read more →]

You knew they had to give it a whirl sometime, didn’t you?  Today Cisco Systems (NASDAQ:CSCO, news, filings) rolled out consumer telepresence, which it calls ‘ūmi’ complete with that bar over the u just to make you think you don’t know how it’s really pronounced.  All you need to do is spend $599 on the equipment (video camera, set top box, and a remote control), plus $24.99/month for the cloud service to route calls etc, and you can make video calls from your HDTV over your broadband connection – just like a CEO.  By all accounts, it’s quite an experience.  And it doesn’t have a prayer of catching on.  Yet. [Read more →]

Epson Group, longtime maker of printers and other imaging devices, has implemented an IP VPN from glbc improve its network to and within Latin America.  The new service will provide converged voice, data, and video to Epson’s subsidiaries in Argentina, Brazil, California, Chile, Colombia, Costa Rica, Guatemala, Mexico, Peru, and Venezuela.  That’s quite a list, I had no idea Epson had that big a presence in the region. [Read more →]