Wednesday, September 29, 2010

Telecom News: Week of 9/20/10

In case you missed the news last week, here's a quick round-up of some of the more interesting stories:
  • Facebook had its worst outage in 4 years, read the reports directly from facebook here.
  • LION2 cable consortium to build a new submarine cable in the Indian Ocean. Read what Sean Buckley of Fierce Telecom has to say about it here.
  • CORESITE goes public on the New York Stock Exchange (NYSE: COR) the company raised $246 million on its opening day. See what Data Center Knowledge says about its opending day here.

Other big trending topics in the news include a wide-range of discussions and opinions on Carrier Ethernet Exchanges. This will continue to be a topic of discussion as Neutral Tandem seeks to close on its acquisition of Tinet the beginning of Q'4 2010. The acquisition will bring Neutral Tandem's global Carrier Ethernet Exchange to 99 Points of Presence (PoPs), making it the largest Ethernet Exchange on the market.

Acquisition news will also stay in the news, at least for the coming months as PAETEC announces its acquisition of Cavalier Telephone for $460 Million, GoDaddy.com puts itself on the Auction Block and Lightower announces its intention to acquire Lexent Metro Connect, of course the deal is still pending completion.

I'll continue to keep you posted on the latest and greatest news - so check back and don't miss a thing!

Want to know more? Visit my company's website at http://www.jaymiescotto.com/ and check out the news from clients in the Telecom Industry.

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