Infinera Hikes on Digicel Announcement

Infinera (NASDAQ: INFN) shares surged Wednesday, on announcing that Digicel has deployed Infinera’s GX Series, featuring Infinera’s ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago. The deployment offers service providers new, best-in-class connectivity to the southern Caribbean region.

Deep Blue One is a new subsea cable system that spans 2,100 kilometers (km) in the Caribbean and Latin America region, providing connectivity to service providers and a direct route for offshore gas and oil rigs. Deep Blue One will connect to Southern Caribbean Fiber’s existing subsea cable, which already spans 3,000 km, to connect with 16 islands in the Eastern Caribbean, connecting from Trinidad and Tobago to Puerto Rico with onward connectivity to Miami and New York.

Leveraging Infinera’s combined solutions, Deep Blue One benefits from the latest optical networking technology, minimizing the cost per bit of the subsea cable network and carbon footprint, maximizing spectral efficiency and fiber capacity, and significantly reducing energy cost per megabit.

Said the CEO of one Digicel company, “Deep Blue One is a critical cable system, providing our customers and the oil and gas industry with much needed connectivity that did not exist previously. We are excited to offer our Latin America and Caribbean customers new service options.”

INFN shares collected 22 cents, or 4.1%, to $5.61.