General Cable, CenturyLink, Graybar updates - plus a FOTE poll: The week's top stories
Report - General Cable received takeover bids from Prysmian, Nexans, NKT; CenturyLink fiber-optic line cut knocks out phones, internet in greater Aspen, CO; Graybar opens new warehouse distribution center in South Florida; more.
Reuters journalist Pamela Barbaglia reported on Friday, October 6 that three cable manufacturers have submitted bids to acquire General Cable Corporation. As we first reported in July, General Cable is exploring strategic alternatives including the potential sale of the company.
Staff reporting from Colorado's Post Independent (PI) news site notes that "echoing an incident more than two years ago, a CenturyLink fiber-optic link was cut on Tuesday (Oct. 10) near Carbondale, knocking out much of the cellphone and internet service from Carbondale to Aspen for several hours.
The new service center, located at 3410 SW 30th Ave. in Ft. Lauderdale, spans 161,500 square feet and serves as the primary shipping facility for Graybar in southeast Florida.
The global hybrid fiber-optic connectors market is expected to reach USD $1.06 billion by 2025, growing at a CAGR of 7.7% from 2017 to 2025, according to a new report by Grand View Research, Inc.
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