Industry News

Virtual Universe Corporation launches completion of IRU agreement & restructuring of related party debt

April 12, 2012

Virtual Universe Corporation (the "Company") , announced today that it has entered into an agreement with 1596598 Alberta Ltd. ("1596598") for the Company to provide 1596598 with an Indefeasible Right of Use ("IRU") to its fibre optic cable assets for term of 15 years. The terms of the agreement will provide the Company with revenue from its fibre optic cable assets in the amount of $150,000 per year plus recovery of certain operating expenses.

CapeNet Picks 100G Coherent Optics of Ciena & Carrier Ethernet Solutions To Power The OpenCape Network

April 12, 2012

CapeNet LLC (CapeNet) announced today that it has chosen Ciena® Corporation (NASDAQ: CIEN) and Integration Partners (a secure network communications integrator and Ciena BizConnect partner) to provide coherent optical transport and Carrier Ethernet solutions for the 350-mile fiber optic OpenCape Network. The network is currently being constructed in southeastern Massachusetts and on Cape Cod. Ciena's coherent optical processing lays the foundation to increase network bandwidth from 10G to 100G and beyond.

New Report: Growing Optical Fiber Deployments to Drive Needs for Fiber Optic Components Worldwide

April 11, 2012

As a transport medium for communication in the modern communication hungry world, fiber optics is a critical and omnipresent technology vital to intelligent human existence and comfort. The massive data explosion triggered by bandwidth heavy multimedia content, such as, video, voice, multimedia, has and will continue to throw the focus on data transfer rate capability of communication networks. The continuously growing number of users sharing a network, use of advanced applications, faster desktop PCs, and faster network servers, all of which contribute to traffic congestion, are creating a dire need for networks to support gigabit transmission speeds. This insatiable need for faster and faster transmission speeds is forecast to continue gathering momentum as businesses adopt bleeding edge networking technologies, such as, data warehousing, cloud computing, server virtualization, all of which have immense resource demands i.e. higher storage needs, and bandwidth-hogging applications.

New Submarine Cables Put to Revolutionize West African Internet

April 11, 2012

Slow downloads and faulty Internet connections could soon become distant memories in West Africa. Two underwater fiber-optic cables stretching from Europe down the western coast of Africa are set to go online in mid-2012. The cables will bring faster, and likely cheaper, broadband Internet to nearly every country in the region.

Fiber optic company obtains initial OK for tax incentive

April 11, 2012

You’d get another option for phone, Internet and cable services after a new utility starts up in Johnson County.

SPE-Bahrain organises presentation on Fiber-Optic

April 11, 2012

The SPE-Bahrain organised a presentation entitled "E&P Applications of Fiber-Optic Technologies" as part of the Distinguished Lecturer Programme, arranged by SPE International. The presentation was delivered by Dennis Dria, petroleum technology advisor for Myden Energy Consulting.

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