FirstNews Briefs: Windstream, Olocode, Procera Networks, Alcatel-Lucent
Windstream today announced plans to spin off certain telecommunications network assets into an independent, publicly traded real estate investment trust (REIT). The transaction will enable Windstream to accelerate network investments, provide enhanced services to customers and maximize shareholder value. The transaction will allow the REIT, which will own Windstream's existing fiber and copper network and other fixed real estate assets, to expand its network and diversify its assets through acquisitions. The company's board of directors approved the plan following the receipt of a favorable private letter ruling from the Internal Revenue Service.
Olocode today announced the release of its contact sharing service. The Olocode platform, available through Olocode¹s website, email and mobile applications, allows users to privately share their latest contact details with a simple code. It can also notify followers of changes to their location, address, social profiles and other contact details. This allows anyone to always stay current on a user¹s information.
Procera Networks today announced the launch of a next generation 600 Gbps version of the PacketLogic™ 20000 Platform. Deployed across network operators worldwide since 2012, the PL20000 upgrade supports significantly more performance and scalability to meet the growing demands of high performance broadband networks.