Data Center News

Data center merger and acquisition activities in Q2 of 2021

2021 has been an eventful year in the data center industry as we’ve seen some major merger and acquisition activities as these firms look to expand their capacities. We are going to shine the spotlight on the top five merger and acquisition activities in Q2 of 2021. We’ll be able to see wh...

August 16, 2021

Abdul-Rahman Oladimeji

Mapletree Redwood Data Centre Trust

The future of data center back-up energy

With more and more data center companies committing to climate change initiatives, the industry is also looking at how it can make backup energy more sustainable too. For decades, diesel has served as the primary fuel for traditional backup generators - however, diesel fuels, whilst getting cl...

August 06, 2021

Microsoft Azure

Lumen divests CenturyLink ILEC assets

Lumen Technologies has announced that it is selling its current local exchange carrier (ILEC) business in 20 states for $7.5 billion. The firm will be selling the business to Apollo Funds. Lumen Technologies currently operates the ILEC business under the CenturyLink name, and the business incl...

August 06, 2021

Abdul-Rahman Oladimeji

Lumen Technologies

Flexential enters sale-leaseback deal for Plano data center

Flexential has made a leaseback agreement with Legacy Investing and Invesco Real Estate for its data center facility in Plano. The deal will see Flexential add 130,000 square feet to its existing space, which means it will be doubling its capacity with the expansion. None of the companies d...

August 06, 2021

Abdul-Rahman Oladimeji

Flexential

Apple and Google rally against Ireland's proposed moratorium on new data centers

Last month, the People Before Profit party in Ireland proposed an amendment to the Planning and Development act, to place a moratorium on new data centers being built. This proposal follows Ireland's Commission for Regulation of Utilities (CRU), launching a consultation on data center grid con...

July 28, 2021

Google

Lumen is selling its Latin American business to Stonepeak for $2.7 billion

Lumen Technologies has announced the sale of its entire Latin American business to Stonepeak Infrastructure Partners. The sale is said to be worth $2.7 billion. Australia’s largest pension fund, AustralianSuper, is also investing funds in the deal with Stonepeak. The current leadership team...

July 28, 2021

Abdul-Rahman Oladimeji

Lumen Technologies

DataBank purchases existing building for fifth data center in Denver

DataBank has announced that it has purchased an existing land and building in Denver. The land and building acquired would be DataBank’s home for its fifth data center in Denver. This facility is located at 6961 S. Quentin Street in Centennial, CO. DataBank says the facility will help it me...

July 27, 2021

Abdul-Rahman Oladimeji

DataBank

Largest Data Center Funding Deals In Q2 of 2021

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

July 24, 2021

Abdul-Rahman Oladimeji

Equinix

Equinix strives to balance expansion with its eco targets

Back in June, Equinix committed to becoming climate-neutral by 2030; however, alongside this pledge, in recent years, it has undergone significant growth. Moreover, its environmental metrics reveal that between 2018-19, the company’s scope 1 and 2 GHG emissions, carbon intensity, and energy ...

July 23, 2021

Equinix

Digital Realty and Brookfield team up to develop data centers in India

Digital Realty has announced that it has entered into a 50/50 joint venture agreement with Brookfield Infrastructure to develop data centers in India. The brand name of the joint venture is BAM Digital Realty.Although precise details around the project are yet to be released, reports indicate...

July 16, 2021

Digital Realty Trust

Digital Realty is meeting green targets according to third annual ESG report

According to its latest ESG report, Digital Realty is meeting its sustainability targets in the push for carbon-neutrality. The company, as part of the Science-Based Target Initiative (SBTi), has committed to reducing its Scope 1 and 2 emissions by 68% and Scope 3 emissions by 24% by 2030. It...

July 16, 2021

Digital Realty Trust

IBM announces 21 sustainability goals

IBM is one of the latest data center companies to commit itself to net-zero GHG emissions by 2030. In its most recent Environmental Report, the company set out twenty-one environmental sustainability goals and also outlined its involvement with the European Green Digital Coalition.As a foundin...

July 15, 2021

IBM Cloud

Evoque Data Centers acquires Foghorn Consulting

Evoque Data Center Solutions has completed the acquisitions of Foghorn Consulting, a cloud consulting and engineering services company based in Silicon Valley. Evoque said acquiring Foghorn will help it serve its customers’ cloud needs better. With the acquisition, Evoque has expanded its appl...

July 06, 2021

Eric Bell

Centersquare

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year pe...

June 26, 2021

Eric Bell

Iron Mountain

Equinix promises to cut emissions by 50 percent before 2030

Equinix has promised that it would reduce its emissions by 50% before 2030. It would also be reducing emissions created by its electricity supply by 50% before 2030. This promise comes few days after Greenpeace criticized the Company for not having trustworthy timelines on the use of renewable...

June 17, 2021

Eric Bell

Equinix

50% of Digital Realty's global data center portfolio is now powered by green energy

Digital Realty has announced in its third ESG report that half of its global data center portfolio is now powered by green energy. It did this by increasing the portfolio of its data centers being powered by renewable energy by 20% in 2020. Impressively, it also increased its energy consump...

June 17, 2021

Abdul-Rahman Oladimeji

Digital Realty Trust

Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program

Equinix has announced that it has signed agreements for additional joint ventures with GIC, Singapore's sovereign wealth fund, which will add $3.9 billion to expand its data center program.The agreements come in the form of limited liability partnerships with GIC. The close, which is expected...

June 15, 2021

Eric Bell

Equinix

Digital Realty considering $300 million Singapore Trust IPO

According to a report from Bloomberg, Digital Realty is considering an Initial Public Offer (IPO) of a Singaporean trust that could raise between $300 million to $400 million. The report says Digital Realty is working with its advisers on the listing, and they are looking to conclude the IPO b...

June 10, 2021

Eric Bell

Digital Realty Trust

Blackstone to acquire QTS Realty Trust for $10 billion

Blackstone Group Inc has reportedly entered into an agreement to purchase QTS Realty Trust Inc for a total of $6.7 billion.According to the WSJ, the group's infrastructure unit, Blackstone Infrastructure Partners, with BREIT, its non-traded real-estate investment trust, has agreed to pay $78 a...

June 07, 2021

Eric Bell

QTS Data Centers

Evoque Data Center Solutions partners with four additional network service providers

Evoque Data Center Solutions has announced partnerships with four Network Service Providers (NSPs). It looks to use the partnership to expand its vendor-neutral approach to offering state-of-the-art connectivity to its customers. The new NSPs include Bandwith IG, Everstream, United Private Ne...

June 07, 2021

Eric Bell

Centersquare

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