TriStruX | December 27, 2021
TriStruX, a leading provider of telecom infrastructure services to wireless carriers, cable companies and OEMs, has been acquired by leading middle-market private equity firm, Huron Capital.
TriStruX is the result of the 2020 merger of Telcom Engineering Group ("TEG"), Leone Electric Corporation ("LEC") and High Point Utilities ("HPU"). The founders of the companies, Francisco Pena, Nicholas J. Leone, Craig Langenbach and Scott Palmenberg, will remain with the company in key management roles and maintain minority equity stakes in the merged company.
TriStruX is a national provider of telecommunications infrastructure services for macro cell towers and 5G wireless, underground and overhead fiber, and power and electrical services installation and maintenance services. The company's key clients include the largest leading US telecommunications and cable companies. Since the 2020 combination, the company has significantly expanded its business in the Northeast, California, Southeast and Midwest markets, grown company revenue significantly in 2021 over 2020 and prepared to open 4 new markets in 1Q 2022.
"Huron's investment will help us grow to be one of the strongest Telecom services providers in the market. I am so proud of the quality company we have built, but we are stronger and more nimble with Huron's backing", said Nicholas J. Leone, Vice Chairman and Chief Operating Officer. "Our clients are telling us to grow faster and bigger but not lose the quality and "can do" success we bring to them. This combination with Huron ensures we can accomplish that and will result in more and better service to our clients." said Frank Pena, Chairman of the Board.
"We are very pleased to launch a Telecom Infrastructure Services Platform with the acquisition of TriStruX", said Huron Managing Partner Jim Mahoney. "The Infrastructure Services market is very early in the investment cycle of building wireless telecom and fiber capabilities to deliver 5G services across the US. Huron is excited to support TriStruX's track record of high-quality service delivery and deep focus on safety with access to capital and management support."
Industry veteran Gene Callahan will join the Company's Board of Directors. Randall P Muench, current CEO of TriStruX will continue to serve as CEO of the merged company. "Significant organic growth and crossing the $100M revenue level was an excellent year but we are just getting started." said Muench. "Our team is laser focused on delivering quality wireless site installations and hundreds of miles of fiber at the scale that our clients expect and building a great place to work for our team. I'm especially excited to be on this journey with Huron who brings deep expertise in building scalable businesses and accelerating growth through M&A."
About TriStruX, LLC
TriStruX, LLC provides comprehensive turnkey telecommunications service solutions across the continental United States. Our mission is to provide the highest level of quality and excellence as a turnkey solution provider, building telecommunications infrastructure (5G, fiber installation, macro tower services, DAS) in our key markets. As a national, scaled service provider, we successfully compete in the telecommunications, power/electrical, utility, venue and regional / state / local government space. In 2020, the principals of Telcom Engineering Group (founded in 1991), Leone Electrical Company (founded in 1977) and High Point Utility merged to create TriStruX. Visit www.tristrux.com to learn more.
About Huron Capital
Founded in Detroit in 1999, Huron Capital ("Huron") is an operationally focused private equity firm with a long history of growing middle-market companies through its proprietary ExecFactor® buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base, and transaction experience with seasoned operating executives. An early pioneer of the buy-and-build approach, Huron has successfully established six private equity funds aggregating nearly $2.0 billion in committed capital and invested in over 235 companies, and its portfolio companies have employed over 11,000 people throughout North America.
Verizon | December 18, 2021
Verizon and Google Cloud are working together to bring the power of the cloud closer to mobile and connected devices at the edge of Verizon's network. With Verizon 5G Edge with Google Distributed Cloud Edge, Verizon plans to bring Google’s compute and storage services to the edge of the local network enabling the bandwidth and low latency needed to support real-time enterprise applications like autonomous mobile robots, intelligent logistics and factory automation. The companies expect that this combination of Verizon's private On Site 5G and private 5G Edge with Google Distributed Cloud Edge will enable enterprises in industries from retail to manufacturing to unlock the power of 5G and mobile edge computing and gain operational efficiencies, higher levels of security and reliability, and improved productivity.
Verizon and Google Cloud also plan to develop public 5G mobile edge computing for developers and enterprises. The public 5G Edge solution has the potential to enable developers to build and deploy applications at the edge of Verizon’s wireless network in various locations throughout the U.S.
“By working with partners like Google Cloud and Ericsson, we’re building the 5G edge compute ecosystem that will enable enterprises in many industries to benefit from having a completely dedicated private network and edge compute infrastructure on premise,” said Rima Qureshi, Chief Strategy Officer at Verizon. “5G Edge with Google Distributed Cloud Edge will give our customers the ability to connect and manage a broad range of devices at scale and speed while also providing highly secure, near real-time connectivity. This will allow companies to unlock greater value from data and enable innovative applications involving computer vision, augmented and virtual reality, and machine learning.”
“Through our planet-scale infrastructure and expertise in data analytics, artificial intelligence and machine learning, Google Cloud is enabling the rapid development and deployment of new services and applications,” said Thomas Kurian, CEO of Google Cloud. “By bringing intelligence from data centers to the network edge, Verizon 5G Edge with Google Distributed Cloud Edge will allow customers to build new cross-industry edge solutions, unlock new revenue models, and transform the next generation of customer experiences – from AI-driven in-store operations to live inventory management on the factory floor, the possibilities span multiple industries.”
Verizon and Ericsson To Pilot Private Mobile Edge Computing at USA 5G Smart Factory
Ericsson, in collaboration with Verizon, will pilot 5G Edge with Google Distributed Cloud Edge as part of a proof of concept at its USA 5G Smart Factory. The first trial use case involves Verizon's Sensor Intelligence solution, which involves attaching a camera to an autonomous mobile robot that will scan packages to maintain inventory and location of indirect materials in the factory's warehouse. Then, using computer vision, the robot will communicate the bar code and shipping label data via 5G and mobile edge computing to the inventory management system, providing real-time analytics to improve logistics.
"Ericsson's Smart Factory is where we're putting the principles of the Fourth Industrial Revolution into action,Technologies like Verizon's 5G Edge, which is built on Ericsson's 5G Private Network technology, are critical for unlocking 5G's true potential, and this pilot brings real-time data to make operations more efficient, secure, and cost-effective. Testing this technology with autonomous mobile robots in our Smart Factory is an important step on the journey to the factory of the future."
Niklas Heuveldop, President and Head of Ericsson North America
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
About Google Cloud
Google Cloud accelerates organizations’ ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
Zain Kuwait | December 24, 2021
Zain Kuwait's 5G traffic currently accounts for more than 40% of its total wireless traffic, ranking the operator as number one in GCC countries in terms of 5G offload ratio. Zain Kuwait is one of the leading telecom operators in MENA and has been at the forefront of innovation for years as the first operator to launch commercial 5G services in the Middle East.
From the 5G service development and business achievements of Zain Kuwait, it is clear that the focus on 5G development brings business success to operators. Zain Kuwait started deployment of 5G networks in 2018. After two years of continuous development, 5G services have entered a period of high growth. Users are continuing to develop rapidly, and the proportion of 5G traffic has also been increasing continuously. This has resulted in positive revenue and profit growth for the operator.
Zain Kuwait has achieved the 5G subscriber penetration ratio of 23%, and the average DOU of its 5G subscribers is five times higher than that of its 4G subscribers. Zain Kuwait's mobile network also recorded revenue and profit growth of 4% and 13% year-over-year in Q2 2021. This is an outstanding achievement especially when there is no population dividend and the expatriate population in country has been continuously decreasing. Zain's 5G development leads the Kuwait telecom market, and its business success has been a result of its overall strategic objective to provide first-class 5G services for users in Kuwait.
Zain Kuwait has firmly invested in 5G for the fastest network construction with the widest coverage, building a foundation for user experience
Network coverage is the basis for user experience. Zain started 5G C-band construction in 2018. In Q3 2019, it completed coverage of major urban areas. By early 2020, it achieved 1:1 construction ratio with its LTE network.
Focusing on fast and value-based network construction, Zain Kuwait was able to quickly exploit the benefits of enhanced 5G network coverage. Leading the network construction lays the foundation for creating 5G business advantages. For instance, Zain was the first operator to commercialize 5G networks in Kuwait. In the commercial release phase, Zain provided the most extensive 5G coverage and best services owing to its focus on network construction. Within six months of the commercial launch, Zain reached 100% coverage, forming the first-mover advantage of 5G networks for itself.
User experience is the key In leading 5G experience targets to drive network experience leadership
With the goal of providing a first-class 5G network experience, Zain insists on higher standards of 5G network construction to ensure high-speed and reliable services for all the users. As a result, the investment in network planning and network construction was increased, which enabled Zain Kuwait to win Ookla's Fastest Fixed Wireless Network Provider Award in 2020 and to lead the Open signal Global Experience Test reports as well. A great network experience enhanced Zain's brand and helped it achieve greater commercial competitiveness.
Sequans | December 16, 2021
Sequans Communications S.A. announced availability of a new series of Cat 1 IoT modules based on its second generation, LTE Cat 1bis chip, Calliope 2. The new Calliope 2 GC02S1 modules are low-cost, low-power, IoT-optimized solutions that support VoLTE and throughput higher than LTE-M for applications including wearables and hearables with music streaming; smart city/smart home IoT devices such as security cameras, alarm panels, and utility meters; and data aggregators that can require throughput up to several megabits per second. Calliope 2 GC02S1 modules are optimized to support three regional variants covering North America, Japan, and Europe.
Advancements in Sequans' Calliope 2 chip technology remove the cost and power consumption barriers that have thus far limited widespread adoption of Cat 1 for IoT. These advancements include 1) higher integration for lower cost, 2) lower power consumption in both active and power-saving modes, near the level of LTE-M, thus extending the battery life of Cat 1 devices significantly, and 3) advanced signal processing techniques that provide superior radio performance. LTE Cat 1 is available worldwide on all cellular networks, including those areas where LTE-M and NB-IoT are not, making it ideal for IoT companies wishing to deploy products globally.
"Cat 1 is a truly universal IoT solution," said Georges Karam, Sequans CEO. "With our new Calliope 2 GC02S1 modules, we have made Cat 1 highly suitable for IoT so that it can now support a much wider variety of IoT use cases, including those that need voice. We've reduced the cost and lowered the power consumption by applying the power-saving techniques of LTE-M and NB-IoT, and we've embedded high-level, on-chip security with iSIM support---all of which combine to make our Calliope 2 modules truly future-proof and able to support the evolution from 4G to 5G for many years to come."
"We are proud of our partnership with Sequans that expands our cellular IoT module offering that includes RYZ014A alongside our MCUs with 4G cellular connectivity based on Sequans proven Monarch Cat-M1/NB-IoT LTE platform,Therefore, we are excited about Sequans's Calliope 2 Cat 1 platform that supports IoT use cases demanding higher bandwidth, greater mobility, and lower latency."
Roger Wendelken, SVP, head of MCU Business, IoT and Infrastructure Business Unit at Renesas
"There is an explosion in demand for Cat 1 technology around the world, and even more specifically for the new Cat 1bis technology, increasing the overall LTE Cat 1 market from 132 million units in 2021 to an estimated 200 million units in 2025," said Takeshi Niwa, marketing analyst, TSR. "The great success of Cat 1bis in China, notably in the utility segment, demonstrates the accelerated adoption and deployment of this IoT-focused LTE category, driven by its lower cost compared to first-generation Cat 1 and also by the shutdown of legacy 2G and 3G networks. The availability of platforms like Sequans' Calliope 2 that brings a newer generation of optimized Cat 1 technology into the market will extend this rapid growth to other countries including Japan and the United States."
Calliope 2 GC02S1 modules are 5G-ready and compliant with the 3GPP Release 15 massive IoT standard. User application software and interfaces are compatible with Sequans' Monarch 2 LTE-M/NB-IoT platform, allowing easy migration among Cat 1, LTE-M, and NB-IoT massive IoT technologies.
Calliope 2 GC02S1 Module Features
Supports 3GPP Release 14/15, including PSM and eDRX for ultra-low power consumption
Cost-effective support for Cat 1bis data rate: up to 10 Mbps DL and 5 Mbps UL
Ultra-small "S1" LGA package
Power supply supports 3.1V-5.5V
Supports VoLTE and high-quality voice
Supports external SIM and eSIM as well as integrated SIM and integrated eSIM
Common Criteria (CC) EAL5+ security for iSIM
Compatible with Sequans Monarch 2 LTE-M/NB-IoT platform for easy migration among Cat 1, LTE-M, Cat NB1/NB2
"Sequans pioneered Cat 1 technology for IoT and has always recognized its value," said Karam. "We are the only cellular IoT connectivity solutions provider with a strategic product roadmap for Cat 1. Our Calliope 2 chip platform and GC02S1 modules are designed with a clear eye on its particular value for IoT, especially now that 2G and 3G networks are being shut down and 5G is on the horizon."
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States.