wiredInUSA August 2016


Future growth is very much on the agenda for one American company – WireCo. The company has announced an equity investment as it bids to cut costs by $240m. The investment will see WireCo refinance its capital structure and extend its debt maturities, reducing its leverage and annual interest expense significantly, and cutting its debt from $840m to $600m. Annual interest expense is expected to be reduced by some $20m. The full story can be found on page 11. Faster, faster and faster is the order of the day for Google and a consortium of five other international companies who have funded a new trans-Pacific fiber optic cable system, which is now online and ready for service. The ‘Faster’ system lands in Oregon, USA, and has two landing points in Japan, in the China and Mie prefectures. The cable delivers 60Tb per second bandwith across the Pacific and is believed to be the highest capacity undersea cable yet built. Full details are on page 14. #62 EDITOR

David Bell Editor

wiredInUSA - August 2016


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