Beanfield, owner and operator of the largest independent fiber-optic network in Toronto and Montreal, today announced the acquisition of Urbanfibre, a leading fiber provider operating in the Greater Vancouver Area. This acquisition is part of Beanfield’s ongoing commitment to expanding its residential and commercial network and service offerings across Canada’s major metropolitan areas and, along with its recent acquisition of FibreStream, carves out a path for a stronger and more resilient communications network on the West Coast.
Reports and Coverage
BAI Communications to Acquire ZenFI
BAI Communications (BAI) has agreed to acquire ZenFi Networks, an East coast-based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fiber connectivity and network edge colocation. This agreement represents a significant growth opportunity for BAI in North America, building upon its existing connected infrastructure capability and operations in the region driven by BAI Group companies Mobilitie and Transit Wireless. It further progresses the company’s vision to become a leading provider of connected 5G infrastructure across North America, and globally. The transaction is subject to customary regulatory clearances and is expected to close in the fourth quarter of this year.
ADTRAN Completes Acquisition of ADVA Optical
ADTRAN Holdings, Inc. announced the closing of its business combination with ADVA Optical Networking SE The companies received all necessary regulatory approvals and shareholder consent, making closure possible. ADTRAN Holdings is now the parent company of ADTRAN, Inc. (“ADTRAN”) through the merger of ADTRAN with and into a wholly-owned subsidiary of ADTRAN Holdings. Additionally, tendered ADVA shares were exchanged for shares of ADTRAN Holdings today, making ADTRAN Holdings the majority shareholder of ADVA.
Broadband Investment Soars to Highest Level in Twenty Years
America’s broadband investment reached a twenty-year high in 2021, driving $86 billion in capital expenditures (CAPEX) into the nation’s communications infrastructure and making US broadband networks faster and more widely available.
A Disconnected Canada Shouldn’t Happen Again
A national telecom outage that lasted for 19 hours impacted Canada as a whole, resulting in outrage and criticism of Rogers’ dominance as Canada’s biggest telecom operator.
Major Network Outage Paralyses Canada
A major outage affecting mobile and internet networks at Canada's top telecoms provider was improving, the company said, after disrupting banking, calling, cashless payments and even policing. Telecoms firm Rogers reported progress, stating that "wireless services are starting to recover."
In Digital Transformation, Distinguishing New From Innovative Is Key
By Kevin Susman, VP of Brand and Communications, MATRIXX Software
Fiberlight Network to be Acquired
A consortium led by funds managed by H.R.L. Morrison & Co (“Morrison & Co”), a global infrastructure investment firm focused on the digital and renewables sectors, and including Australian Retirement Trust (“ART”) and a managed client of UBS Asset Management, today announced that it has signed a definitive agreement to acquire FiberLight, LLC (“FiberLight”), a leading fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, from Thermo Companies. The investment will accelerate FiberLight’s network expansion, positioning it to take advantage of the rapidly growing fiber infrastructure market. Terms of the transaction were not disclosed.
TikTok Ban Attempt Signals New Wave on US-China Tech War
A TikTok ban across Google and Apple app stores is being aggressively pushed by the Federal Communications Commission (FCC) Commissioner. This is due to the fresh privacy concerns revealed within the Chinese-owned short-form video app.
AT&T and Verizon Executives Join MEF Board of Directors
MEF announced the appointment of two new members to its board of directors. Debika Bhattacharya, Chief Product Officer, Verizon Business, and John Nolan, Vice President, Global Connection Management, AT&T, join a distinguished group of visionary leaders in the service provider and ICT industries.