Level3 London (Braham) News

Lumen Technologies has secured a contract worth about $73.6 million from the US Government Accountability Office (GAO) under the General Services Administration's Enterprise Infrastructure Solutions (EIS) program. This multi-million dollar contract will see Lumen modernize network, data, voice...

Satellite firm Viasat last week officially launched its new office, at 50 Finsbury Square in London, as the combined offices of both Viasat and Inmarsat, the rival vendor it acquired last year. The new 121,000 square feet site includes new satellite, network, and cyber operations centers for t...

University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to inc...

Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said stron...

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed.  Concert will operate under its curre...

The  US Defense Information Systems Agency has awarded Lumen Technologies a $110 million contract to provide mission-critical network services to the US Department of Defense (DoD). This contract has a timeline of five years, from November 30, 2023, through September 30, 2028. This contract is...

Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...

Lumen announced that it’s Content Delivery Network (CDN) business will be shut down and it has sold its customer contracts to Akamai. Both companies will undergo a transition services agreement for 90 days before Lumen completes its shut down. "We are deep into our transformation of Lumen and ...

In the second quarter, Lumen Technologies reported a loss of $8.74 billion, a significant decrease from the $344 million profit in the same quarter last year. The company, formerly CenturyLink Enterprise, has lost more than 66 percent of its value this year, reducing its market capitalization ...

Thames Water has announced that it is considering restricting data center water-use in London. The measure could reportedly include charging operators more at peak times and adding flow restrictors to pipes.Initially, the private utility undertook an assessment to get insight into how much wat...

Greystoke Land Ltd has applied to the Three Rivers District Council to demolish extant structures on a 33-hectare site north of Mansion House Farm through Bedmond Road in Abbots Langley to construct a data center campus. The company intends to construct two data center structures totaling up t...

Havering Friends of the Earth has voiced concerns over an application to build a data center on Green Belt land. Digital Reef is proposing a huge data center campus in East Havering, within a new 500-acre site, with 67% of the land dedicated to an "ecology park." The company has offered the co...

Akamai Technologies, an American provider of content delivery services, and Ondat, a provider of cloud storage, have signed a binding agreement. The transaction is anticipated to occur in the first quarter of 2023, and Akamai anticipates no major changes to its annual financial forecast. The a...

The trading and market data systems of its clients are being transferred from the Main Data Center, which is now in the City of London, to the new London Stock Exchange Group (LSEG) Data Center, which is located close to the Docklands. After securing considerable infrastructure capacity in the...

The new London Stock Exchange Group (LSEG) data center is now home to a number of clients of Transaction Network Services (TNS). TNS was compelled to move after LSEG declared that its present City of London data center would be shut down. The brand-new colocation facility in Docklands still...

Leading environmental group CPRE has argued that Digital Reef's plans to build Europe's "largest data center" will cause "massive environmental damage" and has vowed to fight its development. As previously covered by Baxtel, the £5.3 billion ($5.97bn) project is to be built on land in North Oc...

According to Havering Council, it is negotiating with a private sector developer, Digital Reef, to build a huge data center campus in the eastern London Borough of Havering. The London Data Freeport project would reportedly be 'Europe's largest data center' sitting on a site of 175 hectares. C...

Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal...