INDUSTRY FOCUS TOP NEWS STORIES 2022
Whereas 2021 was a year of industry consolidation, 2022 has seen a number of companies buy in the know-how and technology they need, or in some cases, sell off some of their assets in order to better pursue their strategies. Another trend is towards component standardisation and vendor interoperability. Below are the editor’s picks of the year’s news, but our complete coverage of 2022 is available on our website. LUMEN SELLS EMEA ASSETS
however. Its EMEA employees will join Colt after the transaction closes and Lumen will to continue to serve its multinational customers with needs in EMEA. The partnership will also allow Colt to continue serving the needs of the EMEA-based customers with service needs outside of EMEA.
Lumen Technologies agreed to sell its EMEA assets to UK- based digital infrastructure company Colt Technology Services for US$1.8 billion. The assets include Lumen’s terrestrial and subsea networks, data centres and network equipment in the region The proposed deal follows the sale of a
providing a better return for shareholders and driving more focused investments on enterprise growth. Lumen
significant part of Lumen’s ILEC assets to Brightspeed in October 2022. Lumen says the reasons for the latest sale include streamlining the company’s portfolio,
will maintain a strategic relationship with Colt
II-VI REBRANDS, BECOMES COHERENT
FIRST UK COPPER NETWORK SWITCH-OFF
our brand recognition and ultimately lead to value creation,” said Dr. Vincent D. Mattera, Jr., chair and CEO of Coherent Corp. “The broader meaning of the word coherent represents our diversity in thinking distilled into our clarity of purpose, our unity in action, and our broader sense of engagement by connection to our mission, vision, and values.”
II-VI Incorporated announced a corporate name change to Coherent Corp. (Nasdaq: COHR) and a new brand identity, following the successful completion of II-VI’s acquisition of Coherent, Inc on 1st July, 2022. “We chose the name Coherent because it has the universal meaning of ‘bringing things together,’ and an appeal that we believe will expand
UK independent operator WightFibre, which provides phone, tv and broadband services to homes and businesses on the Isle of Wight, switched off its copper network and moved all its existing customers to a full fibre network. The company has been operating a hybrid fibre-coaxial network (cable) network on the Isle of Wight since 2001 and in 2018 it commenced the rollout of a full-fibre network across the island. Earlier this year the final few cable customers
were upgraded to the new network. John Irvine, CEO, said, “Our big copper switch- off was a major undertaking. For most customers the migration to full-fibre was seamless – their existing phones and analogue devices are supported on the new network with the notable exception of rotary dial telephones – thankfully there were only a few of those.”
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INDUSTRY FOCUS 2022/2023
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