Prysmian Group to open 2 new European cable production plants; Sandler forecasts fusion splicing market to grow 8.93%

finance market upswing

Installation news from across the web:

> New Zealand's Chorus is aiming to recruit another 250 technicians and support staff by the end of the year, in partnership with its service companies to support its copper and fiber business. Telecompaper article

> Coolan, a technology startup that has developed software for analyzing data from data center hardware, has been acquired by data center cloud computing giant Salesforce. Coolan blog post

> Prysmian Group will open two new plants for the production of telecommunications and data cables in Europe. Release

> BSRIA said that its most recently published study shows that the hot topic in the cabling industry is convergence and the impact of digitization. Cabling Installation & Maintenance article

> Sandler forecasts that the global fusion splicer market will grow at a CAGR of 8.93 percent between 2016-2020. Release

Cable News
> In its second attempt to enter the U.S. wireless business, Comcast faces a significantly greater challenge, said analyst Jeff Kagan. Article

> Mississippi-based wireless operator C Spire will be the first to deploy a new virtual pay-TV platform developed by MobiTV that delivers multichannel video to OTT and mobile platforms. Article

Telecom News
> Cisco and Amartus are jointly developing the new OpenCS (Open Connectivity Services) Packet WAN Use Case that is part of the Metro Ethernet Foundation's Open Initiative to accelerate the industry transition to orchestrated "Third Network" services. Article

> GVTC Communications has established an interconnection point at Data Foundry's Texas 1 facility, enabling the provider to extend its emerging wholesale Ethernet service set to a broader array of customers. Article

Wireless News
> Ericsson ousted CEO Hans Vestberg less than a week after the company posted a 26 percent year-over-year drop in net sales during the second quarter. Article

> Verizon is doubling down on its bet in digital media, announcing this morning that it will spend $4.83 billion to acquire Yahoo's core online business. Article

And finally … United Kingdom authorities are searching for a thief who took $13K worth of fiber cable earlier this year. ITV article