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Frontier acquires AT&T Connecticut operations

(Telecompaper) Frontier Communications has completed its USD 2 billion acquisition of AT&T’s wireline business, statewide fibre network, and U-verse operations in Connecticut. As part of the acquisition, Frontier also acquired AT&T’s Dish satellite TV customers in Connecticut. As a result of the transaction, Frontier will offer broadband, voice, video and other products to residential and business customers in Connecticut. 

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Data center virtualization drives up adoption of next-gen firewalls

As businesses continue to consolidate their data centers and adopt virtualization, software-defined networking (SDN) and cloud computing, the use of next-gen firewalls is rising, says a new ABI Research report.

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America Movil’s Q3 profit slides 39% to $754M

América Móvil reported that its net profit dropped 38 percent year-over-year to $754 million, falling short of analyst expectations due to an increase in taxes and weak results at its European holdings Telekom Austria and KPN.

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Zayo to provide O2 UK with managed fiber-based backhaul network

Zayo has won a deal to provide O2 a managed fiber network throughout the UK, the latest of several moves that build on the momentum it has gained in Europe from its acquisition of Geo Networks and related network builds.

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Frontier wraps its acquisition of AT&T’s Connecticut network assets

Frontier Communications is set to begin a new chapter in its home state as it has completed its $2 billion acquisition of AT&T’s wireline operations in Connecticut and its related statewide fiber network and U-verse operations.

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Equinix brings Amazon Web Services Direct Connect to its German data centers

Equinix has added Amazon Web Services (AWS) Direct Connect cloud service to its Frankfurt, Germany, International Business Exchange (IBX) data centers, bringing the total number of Equinix metros offering the service to eight globally.

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Juniper plans more cost reductions as Q3 revenues slide 5% to $1.1B

Juniper said it plans to conduct additional cost reductions after reporting that third-quarter 2014 revenues fell 5 percent year-over-year and 8 percent sequentially to $1.13 billion amidst falling U.S. service provider sales.

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Ericsson Q3 – 4G, 3G deployments offset US sales decline

Ericsson has reported a 3% year-on-year sales growth (after currency adjustment) for the third quarter of 2014, representing a 2% rise since the previous quarter. The Swedish network infrastructure vendor said growth was mainly fuelled by its Middle East, China, India and Russia businesses, but partly offset by declines in North America, where sales fell by -3% year-on-year.

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Positive customer intake maintained by Tele2 NL in Q3 results

Majority Swedish-owned operator, Tele2 NL, saw its Dutch mobile customer base grow by 24,000 in the three months ended 30 September 2014, taking the total to 791,000 and displaying an increase for the twelfth consecutive quarter, while fixed broadband customers increased by 1,000 to 368,000, though fixed telephony lines in service fell from 90,000 to 85,000, price pressure being blamed for this. CAPEX was up 25% from the previous quarter to SEK445 million (USD61 million), whilst mobile end-user service revenue increased by 24% year-on-year (y-o-y) to SEK321 million. However, EBITDA decreased to SEK206 million y-o-y from SEK271 million, a drop of 28%, and net sales fell from SEK1.383 billion in 3Q13 to 1.369 billion in 3Q14. Tele2 NL added that it maintained focused on the rollout of its own 4G mobile network.

Tele2’s group CEO, Mats Granryd, commented: ‘In the Netherlands our network rollout gathered further momentum in the quarter, delivering improved population coverage through better processes and close relationships with our vendors. The mobile business kept its pace during the quarter. However, better distribution and our own mobile network are crucial to improving performance. During the quarter, our fixed broadband business executed well in a demanding market environment with positive customer intake.’

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SoftBank Corp, Sequoia Capital invest USD100m into Tokopedia Indonesia

Japanese telco Softbank Corp and investment group Sequoia Capital have announced investment of USD100 million into Indonesia’s leading e-commerce marketplace, PT Tokopedia, according to statement published on Wednesday. The investment is the Japanese operator’s first major foray into Indonesia, which completed the investment via its SoftBank Internet and Media, Inc (SIMI) division. It is understood that both new investors will take board seats as part of the investment, which is expected to close by December. Tokopedia CEO William Tanuwijaya said: ‘With this new round [of funding], Tokopedia will have enough resources to form the best team, develop world class technology to help our merchants and bring the best commerce experience to our users’.*Industry watchers note that the two companies’ Indonesian investment comes at a time of increased M&A activity in Asian e-commerce firms. In May this year, Sequoia spearheaded a USD100 million injection into South Korea’s Coupang, while Berlin-based internet incubator Rocket Internet went public earlier this this month.

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