August 03, 2023 Lumen Technologies
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 to...
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August 02, 2023 STACK INFRASTRUCTURE
$250 million in securitized notes have been issued as part of Stack Infrastructure's second round of structured debt financing for 2023. The funding round began a month ago with an initial goal of raising $100 million, which has since more than doubled. Since 2019, Stack has raised $2.3 billion...
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July 26, 2023 STACK INFRASTRUCTURE
Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24. The notes have received an A-2 rating from S&P Global. This is presently set...
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July 18, 2023 NorthC Datacenters
NorthC Group purchased a new data center near Zurich, Switzerland, through a sale/leaseback transaction. This week, the Dutch colocation company announced the opening of a new data center in the Winterthur neighborhood of Zurich. However, the company announced on LinkedIn that it had acquired...
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July 17, 2023 Equinix
Equinix has announced that, through a partnership with a number of different companies, it will connect to a new district heating scheme in Frankfurt, Germany. In collaboration with Vonovia, AS Enterprise, and EB-SIM, the group aims to build a heating network for the bizonal residential area in...
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July 14, 2023 Equinix
As Singapore looks to end a years-long prohibition on new developments, four data center operators have been given 80MW of capacity for new facilities. Since 2019, Singapore has imposed a ban on the construction of new data centers; however, previously authorized facilities were permitted to be...
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July 04, 2023 Equinix
This week, the company revealed the opening of TY13x. Situated in the Inzai region and opposite TY12x, TY13x provides 8MW in the first phase and 36MW when fully constructed. In October 2019, Equinix partnered with Singapore's GIC sovereign wealth fund to develop hyperscale centers under the...
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June 22, 2023 Equinix
Invesco has purchased a data center in San Jose, California, run by Equinix. Mercury News reports that the Sobrato Organization recently sold 1735 Lundy Avenue in San Jose to Invesco Real Estate for $86.3 million, citing documents from Santa Clara County. The single-story building encompasses...
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June 12, 2023 Equinix
Equinix is expanding its data center footprint in Malaysia, with plans for a new data center in Kuala Lumpur called KL1, which, the company said, will provide greater digital infrastructure capacity in the country. The new facility, which follows the company's announcement of JH1 in Johor, will...
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May 31, 2023 Equinix
Equinix has announced that it is opening its third International Business Exchange (IBX) data center in Dubai, which, at full build-out, will offer 1,800 cabinets of capacity across two phases or a total footprint of 12,000 square meters (135,000 square feet). The facility will support the...
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May 09, 2023 Equinix
Equinix has announced that it has inked a ten-year power purchase agreement (PPA) with Sonnedix. The deal will see the colocation provider source energy from three PV plants in the Castilla-La Mancha region of Spain. The three plants are pegged to be operational by the end of 2024; collectively,...
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April 27, 2023 Equinix
Equinix plans to construct a new 30MW+ data center in Slough Trading Estate, Berkshire, just outside of London. Late last year, as initially reported by the Royal Borough Observer, the corporation submitted a planning application for LD14. The Slough planning commission voted unanimously in favor...
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April 26, 2023 STACK INFRASTRUCTURE
Stack has applied for approval to expand its San Jose, California data center campus. This week, the San Jose City planning commission will consider Stack's request to construct two data centers at 2400 Ringwood Avenue and 1880 Fortune Drive in Santa Clara County, as first reported by SF Yimby....
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April 11, 2023 Equinix
Astra has joined Equinix's plans to develop a data center in Jakarta, Indonesia. This week, Astra and the colocation company announced a new joint venture, with Equinix holding 75 % of the new endeavor. The initial proposal for this joint venture is to build and operate a JK1 International...
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April 06, 2023 Equinix
Equinix has announced plans for a facility in Montreal, Canada. Known as MT2, the new facility is projected to be operational in the second half of 2023. In the first phase of the project, the facility will offer 500 racks from Q3, phase two, meanwhile, will add a further 500 racks by the fourth...
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April 03, 2023 Equinix
After acquiring the Infomart building in Dallas, Texas in 2018, Equinix has announced that it is expanding the property. This expansion will see $180 million injected into the 1990 N. Stemmons Freeway property. The addition will involve the company adding more than 211,000 square feet (19,600 sq...
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March 27, 2023 Equinix
Landowners in Chicago are suing the city over the blocked sale of their property to Equinix, a data center company. The landowners allege that the city's actions were unconstitutional and violated their property rights. Equinix had planned to build a data center on the site at 2545 South Martin...
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March 17, 2023 Equinix
Equinix, in another move in alignment with its sustainability goals, has announced the opening of a rooftop urban farm at its PA10 data center in Paris, France. Promoting circular economy principles, the company will use its servers' waste heat to heat the greenhouse, which was built by Reid...
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March 17, 2023 STACK INFRASTRUCTURE
Stack Infrastructure has signed up for the Swiss Winter Reserve Plan, through which it will provide its supplemental power capacity to the Swiss energy reserve, in line with the Federal Council's ordinance. The ordinance includes measures to prevent winter power shortages and will run until April...
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March 17, 2023 STACK INFRASTRUCTURE
The data center company Stack has completed its most recent structured debt fundraising round. The company revealed the sale of $250 million in securitized notes last week. The price of the notes is a 5.900 percent fixed rate coupon. The firm said it has now raised $2.1 billion in notes through...
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