The company says it will use the money to develop prototypes of 800-Gbps transceiver photonic circuits targeted at data center network applications.
The company says it has sold a minority stake to BDC Capital’s Growth Equity division. BDC’s Growth and Transition Capital division also is working with CIBC on bank refinancing.
She replaces Martin A. Kaplan, who died August 3.
Donovan has led AT&T Communications, AT&T Inc.’s largest business unit, for the past two years.
Intel Capital led the round, with two new investors, Swisscom Ventures and Korea’s AJU IB Investment, joining in. The company’s existing investors also participated.
Founded in 1992, Hunter provides data and voice service to residential and business customers in southern Oregon and parts of northern California.
She will succeed Kathrin Buvac, who continue in the role of president of Nokia Enterprise and member of the Group Leadership Team.
Network operators worldwide combined to push sales of optical network hardware to year-over-year gains in every geographical segment during the second quarter of 2019, according to Cignal AI.
Dell’Oro Group has launched coverage of cloud data center capital expenditures (capex).
The Temporary General License BIS granted Huawei is the second the Chinese telecommunications technology supplier has received.
The purchase, which is subject to customary closing conditions and regulatory approvals, is expected to close during the fourth quarter of this year.
The company says the action should not adversely affect the review process of the deal, which II-VI management now expects to close this fall.
The deal will expand Hargray's network in the Southeast – a footprint that has grown with the recent acquisitions of Dark Fiber Systems, the Alabama footprint of USA Communications, and ComSouth since May 2018.
Bruce McClelland, who joined CommScope as COO from ARRIS when CommScope purchased the company this past April, has had his position eliminated.
Utility Telecom Group, LLC has announced that it has begun integration of Los Angeles based broadband provider Freeway Communications, LLC after reaching an acquisition agreement this past February.