Data Center News

Lumen Appoints Jim Fowler as CTO

Lumen Technologies has appointed Jim Fowler as its executive vice president and chief technology and product officer. The new CTO is to succeed Dave Ward, who is leaving Lumen to become president and chief architect at Salesforce.Starting from January 6, Fowler will manage global technology an...

December 11, 2025

Lumen Technologies

Apollo Global Management is acquiring Argo Infrastructure Partners.

Investment giant Apollo Global Management is acquiring Argo Infrastructure Partners in a deal that will add approximately $6 billion of assets to the Apollo infrastructure platform. Argo is the majority owner of US data center firm TierPoint, which operates around 40 facilities across 18 US m...

January 20, 2025

TierPoint

Crown Castle changes focus to small cells as building towers

Crown castle which operates more than 40,000 towers, has acknowledged that it's become more difficult to build new infrastructure. This is due to opposition from residents and the fact that some municipalities don't want more telecom masts at all."It's generally because it's very difficult to ...

June 12, 2024

Crown Castle

Glass Lewis stands with Ted Miller against Crown Castle board

Proxy firm Glass Lewis has publicly urged Crown Castle shareholders to vote for two activist director candidates, including the company's co-founder and former chief executive officer, Ted Miller, to the board, along with former CFO Charles Green. Furthermore, Glass Lewis also told shareholder...

May 17, 2024

Crown Castle

Crown Castle reveals update on fiber business review

Tower company Crown Castle recently revealed that it has been in talks with multiple parties regarding its fiber business in recent months. Miller, who was the company's CEO until 2001, wants to sell the fiber business and has previously said the assets could fetch as much as $15 billion."The ...

April 22, 2024

Crown Castle

Lumen secures new contract from GAO

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...

April 15, 2024

Lumen Technologies

Crown Castle announces new CEO

Crown Castle has announced Steven J. Moskowitz as president and CEO, bringing an end to Crown Castle's search for a successor to former CEO Jay Brown, who announced his departure in December. Anthony Melone acted as interim CEO from January 16, 2024. “I have long admired Crown Castle’s quality...

April 09, 2024

Crown Castle

Crown Castle CEO announces retirement plans after investors call for change

Crown Castle has announced that its CEO, Jay Brown has informed them of his decision to step down from the role of CEO earlier this week and will retire from the company next year. This news comes only a week after activist investor Elliott Investment Management issued a statement calling for ...

December 09, 2023

Crown Castle

US Defense Information Systems Agency awards $110 million contract to Lumen

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...

November 10, 2023

Lumen Technologies

Lumen sells CND customers to Akamai as it shuts down the business

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 ...

October 16, 2023

Lumen Technologies

Lumen, a US telco, loses $8.74bn due to non-cash impairment

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 ...

August 03, 2023

Lumen Technologies

TierPoint aims to raise $925 million through securitized loans

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...

June 29, 2023

TierPoint

Lumen To Sell its EMEA Operation to Colt For $1.8 Billion

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...

November 07, 2022

Lumen Technologies

TierPoint announces completion of new data center in St. Louis, Missouri

TierPoint has announced that its St. Louis data center in Missouri, which was announced back in September 2021, is complete. The facility, spanning 23,000 sqft (2,100 sqm), is a Tier III-quality facility that offers 14,500 sq ft (1,350 sqm) of production or raised floor space.The facility saw...

August 05, 2022

TierPoint

Argo Infrastructure Partners Invests $500m in TierPoint

TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide...

March 02, 2022

TierPoint

USDA awards Lumen with a $1.2 billion network services contract

Lumen Technologies has won a $1.2 billion contract from the US Department of Agriculture. Lumen is to deliver a fully integrated wide-area data transport service to over 9,500 US Department of Agriculture locations across the country and around the world. With this contract, Lumen will offer a...

January 21, 2022

Lumen Technologies

TierPoint to build new data center in Missouri

TierPoint has announced that it is expanding in Missouri by investing $20 million into building a 23,000 square feet Tier III data center in the St. Louis region. The data center firm already has three facilities in Missouri; two in St. Louis and one in Kansas City. TierPoint has also secur...

September 10, 2021

TierPoint

Lumen pays $275,000 to DoJ for contacting former customers it divested

Lumen Technologies, formerly known as CenturyLink, has agreed to pay $275,000 to resolve a Civil Contempt Claim by the Department of Justice for its acquisition of Level 3 Communications Inc in 2016. The Justice Department accused Lumen (formerly CenturyLink) of violating the terms designed...

September 07, 2021

Lumen Technologies

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

Lumen Technologies

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

Lumen Technologies

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