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Submarine Cable NewsFeed

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Latest Industry News:

Sub Cable World NewsFeed for August 18, 2017
Submarine Cable NewsFeed - Daily Review
Thursday, 17 August 2017 18:07

Submarine Fiber Optic Cables

South America Building Domestic Cable Systems

Progress is being made across South America on new submarine cable systems.  Large-scale international projects such as SACS, Seabras-1, ARBR, Monet and others get most of the attention, but there are smaller domestic cables popping up in the Continent’s most remote regions.

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Watershed Moment for African Internet
Submarine Cable NewsFeed - New Submarine Cable Systems
Thursday, 17 August 2017 12:39

Angola Cables took a step closer to completion of the South Atlantic Cable System (SACS) at an official launch in Sangano, Angola. SACS is the first direct link between Africa and South America. The installation of the South Atlantic Cable System (SACS) – a subsea cable with 40 Tbps of capacity that will extend more than 6,500 km to Fortaleza, Brazil – began on the Angolan coast in the municipality of Quissama. The SACS system is being constructed by NEC Corporation.

The launch event was attended by José Carvalho da Rocha, the Angolan Minister of Telecommunications and Technologies, local and international business leaders, as well as the shareholders and guests of Angola Cables. The installation of SACS is considered a strategic project for Angola to advance the region’s digital economy and to improve global communications.

When the entire network is completed, along with associated elements such as data centers and Internet Exchange Points, SACS will offer a paradigm shift in Africa’s telecommunications sector. According to António Nunes, CEO of Angola Cables, “For Angolans, the time to access content available in America – the largest center for the production and aggregation of digital content and services – will improve fivefold.” Currently it takes approximately 300 milliseconds to connect between Angola and Brazil. With SACS, the latency – the time lag between a data packet being sent and received – is expected to be reduced to approximately 60 milliseconds.

“Angola is becoming one of the telecommunications hubs in sub-Saharan Africa,” added Nunes. “Current cable systems, such as WACS, together with the SACS and Monet cables systems – complemented by local data centers – will improve connectivity, but also economically benefit Angola and the surrounding regions as tech companies requiring high connectivity establish and grow their operations in Africa.”

The installation phase of the cable on the Angolan shore is one of the most important aspects of the project as several levels of interaction and activity are required with several entities simultaneously, and therefore constitute a critical and high risk moment. The protection of both the cable and the teams involved is one of the aspects analyzed and therefore the work is rigorous and well planned. “The installation of SACS represents the realization of a dream, a development that reflects our ability to find solutions and overcome challenges, always having in mind the final objective,” said António Nunes.

 
iflix Secures Additional $133 Million Funding, Led by Hearst
Submarine Cable NewsFeed - Market Snapshot
Thursday, 17 August 2017 08:01

It is hard to over-estimate the impact that streaming video will have in developing markets and how it may impact bandwidth demand.  The latest announcement from iflix, the world’s leading Subscription Video on Demand (SVoD) service for emerging markets, is another indication of the potential for this market. 

Iflix announced that it has completed a $133 million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences.

The funding round, which attracted significant interest from both new investors and existing shareholders, was led by Hearst, one of America’s largest diversified media, information and services companies, and also included additional new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc. also increased their investments.

Since going live in May 2015, iflix rapidly established a clear leadership position in emerging markets, setting a new standard for delivering a world-class streaming entertainment service focused on local customer experiences. Over the last 12 months, the service has seen extraordinary growth across all segments of the business, expanding from four markets to 19 across Asia, the Middle East and Africa. The company has additionally built deep integrated distribution partnerships with 27 leading telecommunications operators to bundle the iflix service with customers’ mobile and data subscriptions, all sponsored by the telecommunications provider.

During the period, iflix also achieved tremendous growth across subscriber numbers and engagement by 3x and 2x respectively, and recorded some of the highest average active mobile viewing durations of any service in the world at 2.5-2.75 hours per session. The company saw 230 percent growth in year on year revenue, and increased its commitment to localization, producing 26,000 hours of subtitles in nine languages, with locally-curated content in every market. iflix’s full content library showcases thousands of award-winning and iconic first run programs and library content from over 230 studio partners from 30 countries.

The new round brings total funding raised by iflix this calendar year to an excess of $220 million. Proceeds from the round will be used to invest in its local content strategy. iflix recently unveiled its first exclusive original production, Oi Jaga Mulut, a stand-up comedy series, which since debuting in Malaysia last week, has skyrocketed to the leading show on the service. Partnering with TVOne, iflix also launched live premiere football streaming, available for the first time in Indonesia, which immediately became one of the highest performing shows there with more than 34,000 unique viewers tuning in the first week of airing. Last week, iflix Philippines announced its collaboration with the Philippines’ Kris Aquino, to commission an original drama series.

iflix was advised by Moelis & Company LLC, Delta Partners and Herbert Smith Freehills on the transaction.

 
Sub Cable World NewsFeed for August 17, 2017
Submarine Cable NewsFeed - Daily Review
Wednesday, 16 August 2017 16:01

Market Snapshot

Tracking Financial Results as the Market Surges

We have talked about the current environment in the submarine fiber optic cable market on a number of occasions this year.  Things are going well, but there are fears that they are going too well and a repeat of the market collapse of 2002 is forthcoming.

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Sub Cable World NewsFeed for August 16, 2017
Submarine Cable NewsFeed - Daily Review
Tuesday, 15 August 2017 17:15

Market Snapshot

Strong Investment in Submarine Fiber Optic Systems Continues

As we have noted many times in our Radar Screen Report when analyzing the submarine fiber optic cable market, the availability of financing for new systems is a critically important piece of the puzzle when considering the market’s growth potential.

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Installation of SACS Begins in Angola
Submarine Cable NewsFeed - New Submarine Cable Systems
Tuesday, 15 August 2017 08:30

Angola Cables took a step closer to completion of the South Atlantic Cable System (SACS) at an official launch on August 9 in Sangano, Angola. SACS is the first direct link between Africa and South America. The installation of the South Atlantic Cable System (SACS) – a subsea cable with 40 Tbps of capacity that will extend more than 6,500 km to Fortaleza, Brazil – began on the Angolan coast in the municipality of Quissama. The SACS system is being constructed by NEC Corporation.

The launch event was attended by José Carvalho da Rocha, the Angolan Minister of Telecommunications and Technologies, local and international business leaders, as well as the shareholders and guests of Angola Cables. The installation of SACS is considered a strategic project for Angola to advance the region’s digital economy and to improve global communications.

When the entire network is completed, along with associated elements such as data centers and Internet Exchange Points, SACS will offer a paradigm shift in Africa’s telecommunications sector. According to António Nunes, CEO of Angola Cables, “For Angolans, the time to access content available in America – the largest center for the production and aggregation of digital content and services – will improve fivefold.” Currently it takes approximately 300 milliseconds to connect between Angola and Brazil. With SACS, the latency – the time lag between a data packet being sent and received – is expected to be reduced to approximately 60 milliseconds.

“Angola is becoming one of the telecommunications hubs in sub-Saharan Africa,” added Nunes. “Current cable systems, such as WACS, together with the SACS and Monet cables systems – complemented by local data centers – will improve connectivity, but also economically benefit Angola and the surrounding regions as tech companies requiring high connectivity establish and grow their operations in Africa.”

The installation phase of the cable on the Angolan shore is one of the most important aspects of the project as several levels of interaction and activity are required with several entities simultaneously, and therefore constitute a critical and high risk moment. The protection of both the cable and the teams involved is one of the aspects analyzed and therefore the work is rigorous and well planned. “The installation of SACS represents the realization of a dream, a development that reflects our ability to find solutions and overcome challenges, always having in mind the final objective,” said António Nunes.

 
Sub Cable World NewsFeed for August 15, 2017
Submarine Cable NewsFeed - Daily Review
Monday, 14 August 2017 18:35

Submarine Fiber Optic Cables

Marine Survey for NEXT Complete Ahead of Schedule

Southern Cross Cables Ltd and EGS have successfully mapped 15,000 km of seabed spanning Clovelly to Los Angeles to optimize the fastest and safest route to lay its US$350 million Southern Cross NEXT undersea cable. The cable, once laid, will deliver the highest capacity and lowest latency internet connection for Australians, New Zealanders and several Pacific Island nations accessing US-based web services and apps.

Register to read more...
 
iflix Secures Additional $133 Million Funding, Led by Hearst
Submarine Cable NewsFeed - Market Snapshot
Monday, 14 August 2017 14:02

It is hard to over-estimate the impact that streaming video will have in developing markets and how it may impact bandwidth demand.  The latest announcement from iflix, the world’s leading Subscription Video on Demand (SVoD) service for emerging markets, is another indication of the potential for this market. It demonstrates the confidence investors have in streaming entertainment video in the developing world.  Utlimately, demand for video services will lead to demand for additional bandwidth on submarine cables, not just in Indonesia and the Philippines as noted in the release below, but in Africa and the Middle East.  In May, iflix announced plans to dramatically expand in Sub-Saharan Africa.  

iflix Announcement:

Iflix announced that it has completed a $133 million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences.

The funding round, which attracted significant interest from both new investors and existing shareholders, was led by Hearst, one of America’s largest diversified media, information and services companies, and also included additional new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc. also increased their investments.

Since going live in May 2015, iflix rapidly established a clear leadership position in emerging markets, setting a new standard for delivering a world-class streaming entertainment service focused on local customer experiences. Over the last 12 months, the service has seen extraordinary growth across all segments of the business, expanding from four markets to 19 across Asia, the Middle East and Africa. The company has additionally built deep integrated distribution partnerships with 27 leading telecommunications operators to bundle the iflix service with customers’ mobile and data subscriptions, all sponsored by the telecommunications provider.

During the period, iflix also achieved tremendous growth across subscriber numbers and engagement by 3x and 2x respectively, and recorded some of the highest average active mobile viewing durations of any service in the world at 2.5-2.75 hours per session. The company saw 230 percent growth in year on year revenue, and increased its commitment to localization, producing 26,000 hours of subtitles in nine languages, with locally-curated content in every market. iflix’s full content library showcases thousands of award-winning and iconic first run programs and library content from over 230 studio partners from 30 countries.

The new round brings total funding raised by iflix this calendar year to an excess of $220 million. Proceeds from the round will be used to invest in its local content strategy. iflix recently unveiled its first exclusive original production, Oi Jaga Mulut, a stand-up comedy series, which since debuting in Malaysia last week, has skyrocketed to the leading show on the service. Partnering with TVOne, iflix also launched live premiere football streaming, available for the first time in Indonesia, which immediately became one of the highest performing shows there with more than 34,000 unique viewers tuning in the first week of airing. Last week, iflix Philippines announced its collaboration with the Philippines’ Kris Aquino, to commission an original drama series.

iflix was advised by Moelis & Company LLC, Delta Partners and Herbert Smith Freehills on the transaction.

 
Sub Cable World NewsFeed for August 14, 2017
Submarine Cable NewsFeed - Daily Review
Sunday, 13 August 2017 17:17

Submarine Fiber Optic Cables

Hawaiian Telcom Announces Completion of SEA-US Cable

Hawaiian Telcom announced that the historic $250 million Southeast Asia – United States (SEA-US) undersea fiber cable system is complete and ready for commercial service. Hawaiian Telcom is a part-owner and operator of the ultra-long-haul submarine fiber system connecting Indonesia, the Philippines, Guam, Hawai‘i and California.

Register to read more...
 
Sub Cable World NewsFeed for August 11, 2017
Submarine Cable NewsFeed - Daily Review
Thursday, 10 August 2017 16:02

Submarine Fiber Optic Cables

ABDIG Plans $5B Investment in Subsea Cables, Acquires FPT

Abu Dhabi Investment Group (ABDIG), a private investment group from Abu Dhabi, announced an investment to acquire 62.5% of Fiber Prime Telecommunication's (FPT) shares.

Register to read more...
 
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