Radix Wire has been acquired by High Road Capital, a U.S. private equity fund that has completed 44 such investments in companies based in the U.S. and Canada.
A press release said that the company, which manufactures high-temperature and fire-resistant wire and cable, will now be called Radix Wire & Cable (RWC). Founded in 1944, the company’s brands include Sil-A-Blend®, DuraBlend®, DuraFlex® and the first 550°C UL-listed wire.
South Korea’s LS Cable & System (LSCS) reports that it will join a project in Oman being financed by the Asian Infrastructure Investment Bank (AIIB).
A press release said that the project, to build a broadband communications network in Oman, is led by its government and state-run mobile operator Oman BroadBand. This marks the first time that the broadband project is being carried out at a national level.
The release said that by 2021, the first stage of the project, worth approximately $178 million, will be completed in key cities, including Muscat, the capital and largest city of Oman. By 2030, the network will be expanded to other cities in the second stage of the project.
Per an AIIB report, the project will roll out a fiber optic network to more than 400,000 homes/premises by the end of 2021. The first phase calls for some 4,100 km of fiber optic cables and some 9,500 km of drop cables. When completed, 80% of Muscat will be fiber-ready for connection with the gigabit-capable optical networks. “The project will improve Oman’s infrastructure in the information and communication technology sector, thereby increasing the attractiveness of Oman as a destination for manufacturing business and strategic logistics services,” it said.
LSCS will lead the design of the communications network, the engineering and supplying fiber optic cables, the release said. It noted that LCSC has carried out large projects near Qatar in the Middle East, with support from related organizations, including bodies such as KOTRA, a South Korean trade organization, and the Korea Information & Communication Contractors Association.