February 16, 2022 Cologix
Cologix has announced that it is funneling further investment in its expansion to accelerate its growth, adding to the number of hyperscale edge data centers in its portfolio. Alongside this announcement, the company also published the new name of its hyperscale edge data centers, Scalelogix....
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February 08, 2022 EdgeConneX
The Adani-EdgeConneX Indian Joint Venture, AdaniConneX, has announced that it has introduced a wholly-owned subsidiary named Mumbai Data Center Limited, which will reportedly develop, operate, maintain, and deal with data centers. Further to this, operations are expected to begin shortly. In...
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February 01, 2022 EdgeConneX
EdgeConneX is developing a new data center in Elk Grove, Illinois. It has also been granted property tax breaks for the facility. The Elk Grove Village officials met last week and endorsed a proposed Cook County property tax for the company. EdgeConneX plans to develop a 22MW data center on the...
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January 21, 2022 Lumen Technologies
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...
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January 07, 2022 Cologix
Investment firm Stonepeak has revealed that it has recapitalized Cologix. Stonepeak is an Abu Dhabi sovereign wealth fund, and it has decided to pull out its investment in Cologix. The agreement sees Stonepeak Infrastructure Fund II LP and its co-investors sell Cologix to vehicles managed by...
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December 31, 2021 American Tower Corporation
American Tower Corporation has announced that it has successfully completed the acquisition of CoreSite Realty Corporation. The company completed the acquisition by merging one of its subsidiaries with CoreSite. American Tower funded the transaction through borrowings revolving around term loans...
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December 28, 2021 EdgeConneX
EdgeConneX has announced that it has made a strategic investment in Chinese data center company Chayora. The investment will see both EdgeConneX and Chayora offer data center services out of Chayora’s data centers in China. The firm will also expand on the existing data centers across Mainland...
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December 14, 2021 Cologix
According to Asset Securitization Report, Cologix is planning to raise funds through a $1.1 billion securitization. Cologix will be issuing Asset-Backed Security notes by using proceeds from seventeen properties as backing. According to filings with the Kroll Bond Rating Agency, Deutsche Bank is...
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December 03, 2021 Flexential
Flexential has announced the completion of a $2.1 billion securitization financing offer, which, according to the company, is the largest single asset-backed securities (ABS) issuance. On top of that, it is also the largest-ever green data center ABS financing. With this money, it will work...
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December 02, 2021 EdgeConneX
EdgeConnex has announced that it is to enter the Belgian market with the construction of a data center campus near Brussels in Ternat. The first facility will comprise 4 data halls supporting over 20MW of capacity. According to the company, the site is expected to be ready in the first quarter of...
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November 16, 2021 American Tower Corporation
American Tower has completed the acquisition of CoreSite for $10.1 billion. According to American Tower, the acquisition of CoreSite will help transform its mobile computing business. Coresite operates up to 25 data centers in the United States. CEO of American Tower, Tom Bartlett, said American...
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October 08, 2021 American Tower Corporation
American Tower has announced that it has completed the acquisition of DataSite. American Tower has now added two new data centers to its portfolio of state-of-the-art colocation facilities with the purchases. In addition, the investment also means American Tower will now manage and operate...
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September 10, 2021 TierPoint
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 secured an...
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September 07, 2021 Lumen Technologies
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 to...
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August 20, 2021 Cologix
Cologix recently released its first Environmental, Social, and Governance (ESG) report. Within the report, the hyperscale company made a number of commitments, including a pledge to improve its energy efficiencies and harness renewable energy options "where available." Currently, Cologix powers...
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August 17, 2021 EdgeConneX
EdgeConneX will be acquiring Israeli-based Global Data Center (GDC). Global Data Center was founded in 2013, and it operates two data centers in Petah Tikva and Herzliya, near Tel Aviv. The Petah Tikva and Herzliya facilities have 64,600 square feet and 48,400 square feet, respectively. GDC...
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August 06, 2021 Lumen Technologies
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...
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August 06, 2021 Flexential
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...
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July 28, 2021 Lumen Technologies
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 of...
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April 28, 2021 EdgeConneX
EdgeConneX has announced that it will add almost 20MW of new capacity across six of its data centers in North America. The facilities that will benefit from this expansion are Seattle, Portland, Phoenix, Miami, Detroit, and Chicago. According to Phillip Marangella, Chief Marketing Officer at...
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