Data Center News

Equinix surpasses $1bn EBITDA for Q2

Equinix

Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. The company Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. Furthermore, the quarter's results saw operating income up 20 percent compared to the previous qua...

Riverlane raises $75 million in a Series C funding round

Europe

 Quantum engineering company Riverlane has raised $75 million in a Series C funding round led by Planet First Partners. This funding saw participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the UK's National Security Strategic In...

Centuria to acquire 50% stake in ResetData

Australia

Australasian real estate fund manager Centuria Capital Group has announced that it has gotten into an agreement to acquire a 50 percent stake in cloud data center provider ResetData for up to $21 million as it plans to expand the group’s revenue stream into a new business line that aims to pro...

Liberty Latin America and Millicom to merge operations in Costa Rica

Caribbean

Liberty Latin American (LLA) and Millicom have signed an agreement merge their operations in Costa Rica which will see LLA hold a stake of around 86 percent in the company, with Millicom holding the remaining 14 percent. The final ownership percentage will be confirmed at closing and the new e...

Africa Data Centres secures $109 million in financing

Africa Data Centres

Cassava Technologies group ADC has secured a bespoke financing solution worth ZAR2 billion ($109m) arranged by the South African banking group RMB. The funding will allow the company to expand its data center capacity and meet the growing demand for cloud computing in South Africa – expanding ...

Vantage closes $9.2bn equity raise

Vantage Data Centers

Vantage Data Centers revealed this week that it had completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge and Silver Lake.“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sure...

CyrusOne closes $1.175 billion ABS offering

CyrusOne

CyrusOne has closed its $1.175 billion Series 2024-2 and 2024-3 funding round, classified as a Secured Green Collateral Bond, and is the largest ABS issuance since 2021. Series 2024-2 is expected to mature in five years, while Series 2024-3 is expected to mature in seven.Eric Schwartz, CEO of ...

PLDT secures green loan for fiber network expansion

Philippines

Philippines Long Distance Telephone Company (PLDT) has secured a green loan from Metropolitan Bank & Trust Co. (Metrobank) worth 4 billion pesos ($69 million). Proceeds from the loan will be used toward expanding PLDT's fiber footprint, as it seeks to "narrow the country's digital divide, ...

Coreweave secures $1.1 billion in new funding

United States

GPU cloud provider CoreWeave announced that it has secured $1.1 billion in new Series C funding round this week led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management....

RAI plans €140 million investment in developing data centers

Italy

Italian broadcaster RAI this week announced its board of directors had approved a new 2024-2027 business plan, which includes a number of data center investments. The company said it plans to invest €140m related to the roll-out of its ‘diversification initiatives’ by 2027. These investments i...

UK government announces £45 million funding package for quantum projects

United Kingdom

The UK government has announced a £45 million funding package to boost the use of quantum technology across a number of sectors, including healthcare, energy, and transport. This comes as quantum technologies is now recognized as one of the five critical technologies set out by the UK governme...

Edge data center firm acquires cloud firm CloneCone

Edge data center firm Edge Centres in a new announcement revealed it has acquired US cloud firm CloneCone which offers virtual and hosted server services. Terms of the deal weren’t shared.  Edge Centres announced on LinkedIn this week, “This strategic acquisition represents a significant miles...

AWS reports revenue of $24.2 billion for Q4, 2023

Amazon Web Services (AWS) reported revenues of $24.2 billion in the last three months, year-on-year (YoY) growth of 13 percent. These figures also show a 12 percent increase for the market-leading public cloud platform in the third quarter of the year. Amazon CEO Andy Jassy said, "We are now a...

Keppel DC REIT's revenue slowed amidst payment dispute with Bluesea

Keppel DC REIT's H2 2023 results revealed that the company’s revenue slowed amidst payment issues with tenant Bluesea Data Development. The company’s revenue increased by 14 percent, but was slowed by a surge in finance costs by 56.1 percent. Keppel recorded a decline in distributions per unit...

Banglalink finalizes sale of 2,000 towers in Bangladesh

Veon subsidiary Banglalink has finally completed the sale of 2,000 of its telecom towers in Bangladesh to Summit Towers. This deal worth $100 million was confirmed by Veon in a statement yesterday. Kaan Terzioğlu, group CEO of Veon, said, “This sale marks an important milestone for us as we co...

Ericsson secures 7-year €420 million loan for R&D investment

Swedish vendor Ericsson has secured a seven-year €420 million loan with the European Investment Bank to support its investment in research and development for enhanced wireless technology until 2025. The vendor noted that €250m of the sum had already been disbursed. Carl Mellander, Ericsson’s ...

US FTC to investigate hyperscale investments in AI firms

The US Federal Trade Commission (FTC) recently began investigating the AI deals made by the likes of OpenAI, Microsoft, Google, Amazon, and Anthropic. The investigation is to determine how these deals may impact competition in the market, with concerns that the AI boom is deepening the power o...

Millicom subsidiary Tigo Colombia agrees to sell 1,100 towers to KKR

Millicom subsidiary Tigo Colombia has agreed to sell 1,100 telecom towers to US investment firm KKR. This deal will see KKR lease the wireless communications towers to Tigo Colombia to support its wireless networks. KKR has also revealed plans to work with digital infrastructure platform NEXO ...

African DC provider Raxio raises $46 million in equity funding

Raxio Group

African data center provider Raxio Data Centres recently raised another $46 million in equity funding which will be dedicated to its expansion efforts in Africa and catering to growing demand in the continent.  Brooks Washington, partner at Roha said after the announcement, “This funding will ...

Keppel DC Secures S$120 million SLL Credit Facility

Keppel Data Center REIT

The Keppel DC REIT Management Pte. Ltd. Board of Directors announced that one of its DC campuses recently secured a S$120 million (US$87.7m) sustainability-linked Islamic credit facility. The company didn’t reveal details relating to the loan providers, intended loan uses, or sustainability ta...