STOCK TITAN

Southern Cross Selects Ciena to Enhance NEXT Cable Amid Global Bandwidth Boom

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Ciena's GeoMesh Extreme submarine solution has been selected by Southern Cross Cable Limited for its new 13,494 km Southern Cross NEXT cable project. The deployment, utilizing Ciena’s 6500 SLTE and WaveLogic 5 Extreme optics, aims to address the growing demand for bandwidth amid rising digital requirements. The NEXT system will integrate seamlessly with Southern Cross's existing network, enhancing connectivity across Australia, New Zealand, and the US. Expected completion is early 2022, with projections for improved capacity and sustainability.

Positive
  • Ciena's WaveLogic 5 Extreme is chosen for the Southern Cross NEXT project, enhancing network capacity.
  • NEXT project aims to provide over 72Tbps of data capacity, significantly improving bandwidth availability.
  • Ciena's technology enables higher connectivity services and supports sustainability goals.
Negative
  • Completion of the NEXT cable is not until early 2022, delaying potential revenue boosts.

As end-user digital applications continue to proliferate and require global networks to become more adaptive, Southern Cross Cable Limited (“Southern Cross”) has picked Ciena’s (NYSE: CIEN) GeoMesh Extreme submarine solution utilising Ciena’s 6500 Submarine Line Terminating Equipment (“SLTE”) powered by WaveLogic 5 Extreme coherent optics for the new 13,494 km Southern Cross NEXT (“NEXT”) submarine cable in the Pacific. This deployment will allow Southern Cross to not only tackle the growing demand for bandwidth but also support the resiliency, reconfigurability, and rapid activation requirements that their customers have become accustomed to from Southern Cross.

The NEXT system will leverage Ciena’s WaveLogic 5 Extreme to seamlessly mesh the new system into the current Southern Cross network fabric while supporting higher connectivity services and a fully integrated eco-system. Consisting of three diverse submarine cable routes, 20+ access points, and over 43,000km, this single ecosystem supports high capacity and low latency routes between Australia, New Zealand, Fiji, Tokelau, Kiribati, Hawaii, and the US West Coast.

“Today’s work from home mandates and the sudden dramatic influx of remote digital requirements have generated major traffic spikes and required our customers to deliver increased capacity in extremely short time frames, a trend we expect to see for years to come,” said Mr Laurie Miller, President and CEO, Southern Cross Cables Limited. “In seeking the optimal solution for our NEXT system, we engaged an external global consultancy to independently review and evaluate the various leading industry solutions and after a thorough process, the Ciena WaveLogic 5 Extreme was identified as the ideal choice.”

To be completed in early 2022, the NEXT cable will leverage the Ciena GeoMesh Extreme submarine solution as part of the overall Southern Cross network fabric to seamlessly integrate the multiple terabits of traffic across the network; Manage, Control and Plan (MCP) for network planning and operational management of services; Insights Service to optimize network analysis; Blue Planet Bandwidth on Demand (BoD) to support and enhance service flexibility, all at lowering power requirements per bit in support of Southern Cross’ sustainability goals.

“By rolling out Ciena for NEXT, Southern Cross is proactively tackling the unprecedented appetite for bandwidth and ensuring record-breaking capacity over longer distances,” said Matt Vesperman, Managing Director for Ciena Australia and New Zealand. “Enabling this exciting new opportunity proves our technology prowess, delivery model and performance can be trusted.”

About Southern Cross Cable Limited

Southern Cross Cable Limited (“Southern Cross”) provides fast, direct, and secure international bandwidth from Australia, New Zealand, Fiji and Hawaii to the heart of the Internet in the USA. The Southern Cross network comprises two submarine communications cables with a current potential capacity of over 20Tbs. Southern Cross is currently expanding its eco-system with the Southern Cross NEXT project which will be a third high-capacity express route, providing 72Tbs+ of data-centre connectivity between Sydney, Auckland, and Los Angeles, and provide critical Pacific Island connections to Fiji, Tokelau and Kiribati. The Southern Cross NEXT project is targeted for completion by end Q1 2022. Southern Cross Cable Limited has offices in Bermuda, Sydney, Auckland and Wellington. For more information visit Southern Cross at: http://www.southerncrosscables.com.

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

FAQ

What is the Southern Cross NEXT project and its significance for Ciena (CIEN)?

The Southern Cross NEXT project is a 13,494 km submarine cable project aimed at enhancing bandwidth capacity and connectivity, utilizing Ciena's technology, expected to be completed by early 2022.

How will the deployment of Ciena's WaveLogic 5 Extreme affect the Southern Cross network?

Ciena's WaveLogic 5 Extreme will enhance the existing Southern Cross network, enabling higher capacity and improved service delivery across multiple regions.

What are the projected benefits of the Southern Cross NEXT cable for investors in Ciena (CIEN)?

Investors can expect improved bandwidth capacity and market competitiveness from Ciena's technology in the Southern Cross NEXT project, potentially leading to revenue growth.

When is the expected completion date for the Southern Cross NEXT project?

The Southern Cross NEXT project is expected to be completed by early 2022.

Ciena Corporation

NYSE:CIEN

CIEN Rankings

CIEN Latest News

CIEN Stock Data

12.24B
141.34M
0.92%
101.67%
4.32%
Communication Equipment
Telephone & Telegraph Apparatus
Link
United States of America
HANOVER