Asia-Pacific fibre infrastructure company Superloop has announced the acquisition of Cinenet Systems for AU$3 million, with the broadcast media network to provide Superloop with an avenue to enter both the media industry and the US market. The AU$3 million acquisition will consist of AU$1.5 million in cash and AU$1.5 million in Superloop scrip.
The plan would see Megaport expand into another 45 data centres in key connectivity points around the globe. It has identified some of those locations as: New York, Los Angeles, Dallas, Seattle, San Francisco Bay Area, Toronto, London, Dublin, Amsterdam, and Stockholm. The plan will increase the existing Megaport network from 34 data centres to 79 data centres. Once the expansion is complete, Megaport will be a significant competitor to the likes of Equinix, CenturyLink and other SDN providers in the market.
PRNewswire — BRISBANE, Australia: Megaport, a leading software-based elastic connectivity provider today announced that it had lodged a Prospectus with the Australian Securities Commission (ASIC) to raise $25 million and has applied to list on the Australian Securities Exchange (ASX). Megaport was founded in 2013 by one of Australia’s leading technology entrepreneurs and the Company’s Executive Chairman Bevan Slattery with the aim of becoming a global leader in the fast-growing elastic interconnection services market.
IoT HUB — Manufacturers expect IoT will be second only to cloud in terms of the transformative benefits it brings to the sector, a survey by Cisco shows. The survey, which encompassed 600 manufacturers in 13 countries including Australia, found one in three respondents are looking to IoT for future business benefit.
Financial Review — Tech entrepreneur Bevan Slattery’s latest business Megaport has filed a prospectus with the ASX, as it prepares to list in December with a market capitalisation of $87.5 million. As revealed by Street Talk last week,Megaport, which allows businesses to buy technology networking capacity on a pay-per-use basis, is hoping to sell 20 million shares at $1.25 each. It will raise $25 million to accelerate its United States rollout and to fund other expansion opportunities.
Business Spectator — Telstra chief executive Andy Penn tells Business Spectator’s Alan Kohler and Stephen Bartholomeusz: Telstra sees itself as an active media player in a changing media landscape — The volume of data on fixed-line services is growing at the same rate as the volume of data on wireless — His vision for Telstra is for it to become a world-class technology company that is focused on customer advocacy and innovation
IT News — The Perth to Singapore leg of the troubled SeaMeWe3 data cable appears to have been finally repaired after multiple outages over the last two months. Vocus general manager of engineering Rick Carter tweeted overnight that SeaMeWe3 had “been up most of the day” after the faulty repeater R346 on the cable was repaired yesterday.
IT News — American Express customers can start using Apple’s mobile payments solution on their iDevices from today for the first time as the service goes live in Australia. Apple last month confirmed the deal, which marked the first expansion outside the US and UK for Apple Pay. From today, American Express card holders can add their cards to Apple’s mobile wallet to pay for purchases through their iDevice.
IT News — NextDC is working to raise at least $70 million through an unsecured notes offering to fund the build of a second data centre in Brisbane. The data centre operator’s current Brisbane facility, B1, is at 90 percent utilisation, the company said yesterday. The facility was opened in 2011. NextDC in August revealed it was assessing the potential for a second Brisbane facility to accompany B1, which was then at 79 percent utilisation.
IT News — Victoria’s public sector superannuation manager is planning to move its IT infrastructure to the public cloud in a major overhaul triggered by the planned decommissioning of its two existing data centres. The state’s Emergency Services & State Super (ESSSuper) manages the retirement funds of roughly 141,000 public servants and emergency services workers.
Telecom Asia — Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, has expanded and upgraded its network across Australia and New Zealand with four new points of presence (PoPs) in Sydney, Melbourne, Perth and Auckland. GCX said the move will enhance the company’s global network and hybrid cloud capabilities to meet the increasing demand for global connectivity in the region.
Light Wave Online — Australia’s Nextgen Group has signed a US$120 million joint venture memorandum of understanding with Australian network provider Vocus to build and operate the Australia Singapore Cable (ASC). ASC would run 4,600 km between Perth and Singapore. Nextgen Group asserts the submarine cable network, which also would serve Indonesia, would be the first to provide 100-Gbps connectivity from Western Australia (WA) to South-East Asia.
IT News — The Australian government has been given the go-ahead to create a digital health record for every Australian by default pending the success of trials of the model, after the bill for opt-out records passed the parliament today. The federal government introduced the e-health bill in September. It amends the existing personally controlled electronic health record (PCEHR) law to create a record for every Australian by default.
Datacenter Dynamics — Singapore-listed DeClout has announced an agreement to buy Pacnet’s Internet Service Provider (ISP) assets and business in Singapore and Thailand for a total of US$4.4 million in cash. This comes less than a year after Telstra acquired Pacnet for $700 million, and just months after Telstra announced that it would retire the Pacnet brand earlier this year.
Business Insider — Vocus and Nextgen are working on building a high speed communication cable between Australia and Singapore. The two are in the middle of due diligence on the project which will cost about $US120 million ($A170 million) and take 18 months to build. Vocus and Nextgen will form a 50/50 joint venture to build the 4,600 km cable connecting Australia to Singapore and Indonesia.
The Sydney Morning Herald — The five thin submarine cables that link Australia’s phone and internet connection to the outside world will be joined by a sixth, thanks to an impending deal of up to $US140 million ($198 million) between Vocus Communications and NextGen Networks.
IT News — Domino’s Pizza has lifted its full-year earnings guidance after experiencing higher than expected first-quarter sales thanks to its new GPS-based driver tracking technology. The pizza chain said same store sales in Australia and New Zealand grew almost 14 percent in the quarter, and 7.7 percent in Europe.
IT News — A new fault has been discovered in the Perth to Singapore leg of the South East Asia – Middle East – Western Europe (Sea-Me-We 3) cable, dashing hopes that the troubled fibre will be operational again this week. The cable has suffered multiple cuts since September, but was scheduled to be mended this week as the ASEAN Explorer repair ship started restoration work.
MIS Asia — Cloud computing platform provider and Macquarie Telecom subsidiary, Ninefold, has made a decision to shut down its operations. The company made the announcement on its website after conducting a technology review across the whole business citing that it would have to make further investments to take its platform to the ‘next level’.
IT News — Telstra will shed more than 400 call centre positions throughout Australia, with Townsville in northern Queensland the hardest hit by the staff reductions. According to the Communication Workers Union, most of the proposed redundancies will take place in Telstra’s customer service delivery team.