SFP Series fifty-first Week News Abstract 12
Week News Abstract For SFP Series in 10GTEK
The abstract is mainly about the optical communication related products,including: FTTH,GPON,EPON,SFPPLC,PTN,ODN,Optical module,Optical devices,optical communications,Optical transceiver module,Etc.
Telstra expects shareholders to approve NBN participation
Australian national carrier Telstra’s often rocky relationship with the Government’s National Broadband Network (NBN) effort appears ready for a more cooperative phase. Telstra management predicts that, based on the proxy and direct voting position presented at Telstra’s annual general meeting that is under way today, its shareholders will approve participation in the NBN project.Telstra’s directors had recommended approval of definitive agreements with the Government signed this past June. A major obstacle to Telstra’s participation was the Government’s insistence that the company divorce its services business from its infrastructure operations. After often contentious negotiations, Telstra agreed to this condition.The resolution on the NBN has received the support of 99 percent of shareholders who have voted or lodged a proxy, Telstra says. The final tally is expected later today.Said Telstra Chairman Catherine Livingstone, “From the outset, we said we would put any proposal to cooperate with the NBN to shareholders – we consider the vote today as the most important step in the process we commenced over two years ago.“It is clear from this interim result on the resolution that, given the alternatives facing their company, both institutional and retail shareholders are supportive of our involvement in the NBN. We look forward to finalizing the remaining conditions precedent, implementing the transaction, and realizing the benefits we expect it to deliver, including the contribution to sustainable free cash flow in the medium term and greater regulatory stability,” she added.Acceptance of Telstra’s Structural Separation Undertaking (SSU) and approval of the Migration Plan by the Australian Competition and Consumer Commission (ACCC) is the most significant milestone remaining to be completed. Livingstone said Telstra continues to work closely with the ACCC on the SSU and Draft Migration Plan. She expects to submit a revised SSU in the coming weeks.“We continue to believe that none of the issues raised by the ACCC in relation to the SSU is insurmountable and that they can be resolved in a way consistent with our principle of protecting shareholder value,” Livingstone commented. “However, if any material changes occur, we will ensure that shareholders have an opportunity to consider and vote on them. In considering the materiality of any changes, we will take into account the costs associated with their implementation and the degree to which the proposed transaction will continue to deliver greater regulatory certainty than the best available alternative.”
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RUS extends BIP broadband stimulus project completion deadline
Department of Agriculture officials revealed in a webinar October 13 that they will offer a way to extend the completion deadline for Broadband Initiatives Program (BIP) funded projects. The deadline to complete the broadband stimulus projects would become June 30, 2015, with the deadline to expend BIP funds moving to September 30, 2015. However, awardees must agree to a set of proposals designed to streamline the completion process before the extension will be granted.The Rural Utilities Service (RUS), the Agriculture Department agency that administers the BIP program, sent copies of the proposed contract modifications by courier to award recipients October 4. If the proposals are accepted, the new contract language will change the original deadline -- substantially complete within two years and fully complete within three years of the execution of loan and grant agreements -- to a mandate that BIP projects must begin within 180 days of the latter of the completion of the project’s historic preservation or environmental review and be fully complete no later than three months prior to the September 30, 2015 funding expiration date.The extension is not available to recipients of funds from the Broadband Technology Opportunities Program (BTOP), which is administered by the National Telecommunications and Information Administration (NTIA) of the Department of Commerce.The presenters, which Telecompaper reports were Deputy Secretary of Agriculture Kathleen Merrigan and RUS Administrator Jonathan Adelstein, noted that BIP projects in general were not as far along as originally anticipated. A slide presented during the webinar (the deck is available from the RUS website) listed several reasons that recipients had given for the delays:Environmental reviews.Awaiting contract approvals from RUS.Legal/loan document delay.Fiber/materials shortage (for more on this, see “Fiber shortage likely to continue for at least another quarter”).Financing delays.Waiting to submit funding paperwork to delay the start of the original three-year clock.Regulatory delays.The new contract language was developed at the behest of the Office of Management and Budget, which directed the administrators of all Recovery Act funding programs to work with their recipients on ways to accelerate their projects.Despite the sense that BIP and BTOP programs in general are behind schedule, at least some BIP projects have reached completion. The presentation cited Copper Valley Wireless (Alaska), Supervision, Inc. (Alaska), Big Island Broadband/Aloha Broadband (Hawaii), Halstad Telephone Co. (two projects, Minnesota/North Dakota), and Gervais Telephone Co. (Oregon) as awardees who have finished their broadband rollout projects.
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European Commission proposes €9 billion broadband investment program
The European Commission has put forward proposals that, when approved by the European Parliament and the EU's Council of Ministers, will see Europe spend almost €9.2 billion ($12.7 billion) from 2014 to 2020 on pan-European projects to give EU citizens and businesses access to high-speed broadband networks and the services that run on them.The funding, part of the proposed €50 billion Connecting Europe Facility (CEF), would take the form of equity and debt instruments and grants. It is intended to complement private investment and public money at local, regional, and national levels, and EU structural or cohesion funds. At least €7 billion would be available for investment in high-speed broadband infrastructure to consumers and small businesses. The money would be largely in the form of equity, debt, or guarantees. This would then attract capital market financing from investors, the Commission believes; the Commission and international financial institutions such as the European Investment Bank would absorb part of the risk and improve projects' credit rating.The Commission says that this money could leverage a total of between €50 and €100 billion of public and private investment – i.e., a substantial proportion of the estimated €270 billion of broadband investment needed to meet the Digital Agenda targets on broadband. (The Digital Agenda 2020 targets are broadband access for all at speeds of at least 30 Mbps, with at least 50% of households subscribing to speeds above 100 Mbps.).Projects are likely to be proposed by established telecoms operators as well as new players such as water, sewage, electricity utilities, or construction firms. Many projects are likely to involve several of these investors clubbing together. The Commission also expects public authorities to join projects as part of public-private partnerships.The aim is to support investment in less obviously attractive broadband infrastructure projects, especially those outside urban or densely populated areas. The Commission believes that access to CEF finance would speed up investment. It would also exert competitive pressure on telecommunications network companies to invest in their own networks.The CEF would also provide financing for technical assistance or horizontal support such as mapping existing and future broadband networks.The remaining funding for digital infrastructure would be used to support public interest digital service infrastructure such as electronic health records, electronic identification, and electronic procurement. The money would be used to promote pan-European interoperability and meet the costs of linking existing, often national, infrastructures and of running dedicated European-level components of digital service infrastructures.The exact amount of funding available each year in the CEF to support both broadband and digital service infrastructure will be set out in Annual Work Programs.
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This article reader also like:SFP Series fifty-first Week News Abstract 11
