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Thursday, May 15, 2014

Telecom Ramblings: “GTT Sells Some Stock, Builds War Chest” plus 1 more

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Date: May 15, 2014 4:02 AM
Subject: Telecom Ramblings: "GTT Sells Some Stock, Builds War Chest" plus 1 more
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Telecom Ramblings: "GTT Sells Some Stock, Builds War Chest" plus 1 more

Link to Telecom Ramblings

GTT Sells Some Stock, Builds War Chest

Posted: 14 May 2014 08:06 AM PDT

The global network operator GTT is accessing the capital markets, according to an announcement today.  They are looking to sell just over 4.45M shares, of which the 0.45M will be by several large shareholders.  Not including any over-allotments, the company expect to raise in the neighborhood of $37.5M in cash. … [visit site to read more]

Hibernia Taps Ciena For Transatlantic Upgrade

Posted: 14 May 2014 06:00 AM PDT

Hibernia Networks is upgrading its transatlantic cable system, and it's switching to a new vendor to get the job done. They've tapped Ciena's GeoMesh solution, including the coherent optics, ROADM, and packet-optical platform. … [visit site to read more]

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