Time Warner Cable (s TWC) of New York is spending $600 million in cash to buy DukeNet, a fiber optic network that is part-owned by Duke Energy, the company announced today. The Charlotte, NC-based DukeNet will help Time Warner improve its network and business services in the Carolinas. Time Warner Cable had announced its intention to build a gigabit network in the Carolina earlier this year. In related news, Zayo, a large fiber network operator based in Boulder, Colorado announced that it was buying Fiberlink, a small Midwestern fiber operator that owns 1,200 miles of dark fiber that runs between Denver and Chicago (and runs via Omaha and Des Moines.) The terms of the deal were not disclosed.
A private equity firm will pick up the optical business for an undisclosed amount, relieving NSN of one its last remaining ties to wireline networking. NSN’s focus on 4G appears to paying off. In the last year, it’s won key contracts and turned record profits.
Huawei, the Chinese upstart, saw a 17.5 percent growth in revenue and a 29 percent upswing in contract sales for the year, despite a grim 2009 for many of the large telecommunications equipment providers. It appears to be winning as carriers meet growing demand for broadband.
This big societal move to a more connected life is causing carriers to spend a lot of money upgrading (or building) new networks, even the smallest cable companies in the farthest corners of America. And for Mike Hatfield, that is great news. Today he announced that his 3-year-old company, Cyan Optics, has signed up nearly 20 carriers and has raised at least $27 million in three rounds of funding.