Rondebosch

WIOCC to Activate Fiber Pair on Equiano Cable with Ciena

Retrieved on: 
Monday, November 7, 2022
Technology, Telecommunications, Software, Networks, Internet, Hardware, Disclosure, Wood, EASSy, Multimedia, CIEN, Solution, Investor, NYSE, Internet service provider, OADC, Adaptation, Automation, Control, West Africa Cable System, Review, Internet, MCP, WACS, Forward-looking statement, MNOS, RLS, Human, Blog, Rondebosch, News, SEC, Mobile network operator, Risk management, Ciena, Equiano

WIOCC , a leading provider of digital connectivity and infrastructure across Africa, is working with Ciena (NYSE: CIEN) to become the first operator to activate a fiber pair on the new Equiano submarine cable system.

Key Points: 
  • WIOCC , a leading provider of digital connectivity and infrastructure across Africa, is working with Ciena (NYSE: CIEN) to become the first operator to activate a fiber pair on the new Equiano submarine cable system.
  • WIOCC is a key investor in Equiano, owning a full fiber pair on the system in addition to submarine line terminal equipment (SLTE) from Ciena.
  • Chris Wood, WIOCC Group CEO, commented: Ciena has extensive experience delivering market-leading submarine network solutions across the globe.
  • Were also teaming up with Ciena on the new 2Africa submarine cable, on which we own a fiber pair across the system.

UCT Completes Acquisition of Ham-Let (Israel-Canada) Ltd.

Retrieved on: 
Wednesday, March 31, 2021
Rondebosch, University of Cape Town, Coating

"The timing of this acquisition is ideal as growing semiconductor demand and increased device complexity are creating significant business opportunity," said Jim Scholhamer, CEO.

Key Points: 
  • "The timing of this acquisition is ideal as growing semiconductor demand and increased device complexity are creating significant business opportunity," said Jim Scholhamer, CEO.
  • Under the terms of the agreement, the total transaction value is approximately $351 million and is being structured as an all-cash transaction.
  • UCT anticipates the acquisition to be accretive to shareholders on an adjusted basis within the first year after close.
  • Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services.

UCT Agrees to Acquire Ham-Let (Israel-Canada) Ltd.

Retrieved on: 
Wednesday, December 16, 2020
Rondebosch, University of Cape Town, Davis Polk & Wardwell, Wardwell, Articles, Bookrunner, Limited liability partnership, Legal opinion, Organizations, Companies

Barclays acted as lead financial advisor to UCT and in its role as lead bookrunner, has provided committed acquisition financing, subject to customary closing conditions precedent to funding.

Key Points: 
  • Barclays acted as lead financial advisor to UCT and in its role as lead bookrunner, has provided committed acquisition financing, subject to customary closing conditions precedent to funding.
  • Meitar Law Offices (Israel) served as UCT's lead legal advisor with the assistance of Davis Polk and Wardwell LLP.
  • Needham and Co. provided a fairness opinion to UCT.
  • Naschitz, Brandes, Amir Law Offices served as legal advisor to Ham-Let and PricewaterhouseCoopers provided a fairness opinion.

UCT Completes Acquisition of Quantum Global Technologies, LLC.

Retrieved on: 
Monday, August 27, 2018
Economy, Finance, Money, Rondebosch, University of Cape Town, Pro forma, Income, Earnings before interest, taxes, depreciation, and amortization, Refinancing

UCT funded the transaction and refinanced its existing debt using cash on hand and net proceeds from a new $350 million Term Loan and a $65 million Revolving Credit Facility.

Key Points: 
  • UCT funded the transaction and refinanced its existing debt using cash on hand and net proceeds from a new $350 million Term Loan and a $65 million Revolving Credit Facility.
  • As of June 29, 2018, pro forma combined revenue, net income and Adjusted EBITDA, on an LTM basis for UCT and QGT was $1.3 billion, $105 million and $167 million respectively.
  • Needham & Company, LLC served as financial advisor to UCT and Davis Polk served as UCT's legal advisor.
  • Forward-looking statements are made and based on information available to the company on the date of this press release.

UCT Agrees to Acquire Quantum Global Technologies, LLC

Retrieved on: 
Tuesday, July 24, 2018
Rondebosch, University of Cape Town

"Upon completion, this acquisition will expand UCT into an adjacent market and increase the served addressable market in our core semiconductor business.

Key Points: 
  • "Upon completion, this acquisition will expand UCT into an adjacent market and increase the served addressable market in our core semiconductor business.
  • QuantumClean and ChemTrace have established a global network of Advanced Technology Cleaning Centers and microcontamination laboratories to bring their services to customers around the world.
  • "This transaction represents a terrific benefit for QGT customers, employees and stockholders," said Scott Nicholas, President and CEO of QGT.
  • Needham & Company, LLC served as financial advisor to UCT and Davis Polk served as UCT's legal advisor.