Verizon’s acquisition of Frontier Communications for $20 billion will expand its fiber footprint to 25 million premises across 31 states and Washington, D.C. This strategic move aims to enhance Verizon’s fiber and fixed wireless access services, accelerating premium broadband offerings and boosting overall service revenue.
AT&T’s partnership with Kinetic aims to enhance rural areas through bundled fiber and wireless offerings. This collaboration addresses the digital divide, offering high-speed internet and cost-effective solutions to underserved regions. With significant investments and strategic initiatives, both companies strive to connect more users and improve digital accessibility nationwide.
FiberLocator, the renowned US fibre data platform, has expanded its network planning services to include UK fibre data, integrating UK fibre providers into its extensive database. This expansion aids carriers, mobile operators, and data centre operators by offering comprehensive, timely, and accurate fibre data, facilitating seamless global connectivity and streamlined wholesale transactions.
Sitetracker and VETRO have announced a strategic partnership at Fiber Connect 2024 to streamline fiber network deployment. By integrating VETRO’s FiberMap with Sitetracker’s software, broadband providers receive enhanced geospatial data, optimizing project planning and execution.
Global InterXchange (GIX) has unveiled a state-of-the-art dark fiber route across the Hudson River, the first in 20 years. Connecting key hubs in New York and New Jersey, this network utilizes advanced fiber technologies to offer ultra-low latency and high-speed connectivity.
LiveOak Fiber, a regional broadband service provider, has secured USD 250 million in financing to expand its fiber network in underserved Southeast U.S. communities. Since June 2022, LiveOak has rapidly grown, investing over USD 200 million and deploying 1,000 miles of fiber. This funding will enhance connectivity and bridge the digital divide.
Accenture has announced its agreement to acquire Fibermind, an Italy-based network services company specializing in fibre, 5G network deployment, and infrastructure engineering. This acquisition aims to bolster Accenture’s capabilities and extend its network services to clients in telecoms, utilities, and transportation sectors.
Lightpath, a prominent all-fiber connectivity provider, has announced its agreement to acquire most of United Fiber and Data’s (UFD) assets. This acquisition, pending regulatory approval, is anticipated to be finalized in the third quarter of 2024.
Swisscom has revealed that its Italian subsidiary, FastWeb, has sold its 4.5% stake in FiberCop to Optics BidCo, a subsidiary of KKR, for €439 million. FiberCop, formed in 2021 by Telecom Italia (TIM), KKR, and FastWeb, manages the ‘last mile’ fibre network, connecting homes to street cabinets.
Nokia, in collaboration with Global Fiber Peru, has successfully launched a pioneering subaquatic optical, IP, and fiber broadband network in the Amazon rainforest. This new network aims to connect approximately 400 communities within the three-border region where Peru, Colombia, and Brazil meet.
