Global Switch sells 49% stake to Chinese investors for £2.4bn 

Global Switch, the London-based data centre company, has sold 49% of its business to a consortium of Chinese investors, called Elegant Jubilee, for £2.4bn. Global Switch owns and operates carrier and cloud, neutral data centres across Europe and Asia-Pacific. The company claims that the money raised by the deal will be used to expand its operations, in particular by accessing the fast-growing telecommunications and internet provider customers to support their growth outside of China.

***The African Development Bank (AfDB) has awarded a total of EUR43.9 million (USD45.8 million) – a EUR31.4 million loan and a EUR12.5 million grant – to support the deployment of Niger’s portion of the Trans-Saharan Backbone network. The project aims to link Niger, Chad, Nigeria and Algeria (stage one) and Mali (stage two), while also strengthening interconnection with Benin and Burkina Faso. The proposed fibre-optic cable will follow the route of the Algeria-Nigeria-Chad Trans-Saharan Road (Route Trans Saharienne, RTS), with 1,007km of fibre-optic cabling in Niger – from Assamaka (Algeria) to Tinkim (Nigeria) via the Arlit-Agadez-Tanout-Zinder route, with a branch from Zinder to N’Guigmi (Niger) via Goure-Maine-Oiffa – and 503km in Chad (Daboua-Rigrig-Mao-N’gouri-Massakory-Massaguet).
***Indian telecoms group Bharti Airtel has reached an agreement with Orascom Telecom Media and Technology Holding (OTMT) to acquire 100% of its cable subsidiary MENA Submarine Cable Systems (MENA-SCS), via the Networks i2i unit. The deal is subject to approval by the Egyptian regulatory authorities and is expected to close in Q1 2017. MENA-SCS owns five fibre pairs on the 8,100km MENA Cable, which lands in Italy, Saudi Arabia, Oman, Egypt and India, in addition to a 930km of terrestrial cable crossing Egypt in two redundant routes. Bharti Airtel said the acquisition will strengthen its capacity to provide broadband internet connectivity in 18 markets in the Middle East and Africa.

***Chilean mobile operator WOM (formerly Nextel Chile) has reached the two million subscriber milestone, less than 18 months after its post-takeover re-launch. According to TeleGeography’s GlobalComms Database, the operator passed the one million customer mark in the second quarter of 2016. UK-based investment fund Novator acquired Nextel Chile in January 2015 and rebranded the company as WOM in June that year, quickly tapping into an ‘edgy’ youth audience with its lewd advertising strategy.

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***Global Switch sells 49% stake to Chinese investors for £2.4bn
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