Data Center News

EdgeConneX agrees to acquire Israel's Global Data Center

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...

August 17, 2021

EdgeConneX

Unnamed firm signs 2.4MW lease for Iron Mountain Boyers data center

An unnamed hyperscale enterprise software provider has entered into a 2.4MW data center lease agreement with Iron Mountain. The unknown firm will deploy at Iron Mountain’s WPA-1 data center facility in Boyers, Pennsylvania. Besides, the firm also has existing deployments at other Iron Mount...

August 10, 2021

Iron Mountain The Underground

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

Aligned secures $250 million for sustainability and green growth plans

Aligned has announced that it has secured $250 million in sustainability-linked financing, bringing its total to $1.25 billion. Last year, it became the first data center company to receive a sustainability-linked loan (SLL). These loans are linked to sustainability initiatives, and the inter...

July 28, 2021

Aligned

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

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

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

Switch

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

Iron Mountain

DataBank completes the expansion of its PIT2 data center in Pittsburgh

DataBank has expanded its PIT2 data center in Pittsburgh, Pennsylvania, by adding 25,000 square feet of raised floor space to the facility. The company also added an extra 2.5MW capacity to the facility to bring its total floor space and capacity to 40,000 square feet and 4.5MW respectively. T...

June 17, 2021

DataBank Pittsburgh PIT2

Switch raises $500 million in senior notes to fund the Data Foundry acquisition

Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. Thi...

June 02, 2021

Switch

Switch to acquire Data Foundry for $420m

Switch will acquire Data Foundry for $420m in an all-cash transaction. The acquisition is expected to close by mid-2021 if it meets all customary closing conditions. Data Foundry has three highly connected data centers in Austin with an expansion capability of up to 44 MW. It also has one data...

May 03, 2021

Switch

EdgeConneX Expands in 6 North American Markets

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 Ed...

April 28, 2021

EdgeConneX

Iron Mountain Completes Agreement to Expand footprint to India with JV with Web Werks

Iron Mountain is expected to invest $150 million over the next two years in a joint venture with Web Werks. Web Works is one of India’s top colocation data center providers. Iron Mountain, which is a storage and information management services company first announced its plan to invest on Febr...

April 21, 2021

Iron Mountain

American Tower open Pittsburgh Edge Facility

American Tower has announced it has opened a new Edge colocation facility in Pittsburgh, Pennsylvania. It's a small edge facility located to the south of the city and below Mount Oliver, the 360 square foot Edge facility offers eight customer cabinets, 20 quarter-cabinet lockers, and three ful...

March 30, 2021

American Tower: Pittsburgh

DataBank issues $658M of Secured Notes

Colocation provider DataBank will issue $658 million of secured notes. The new securitization notes will refinance DataBank's existing credit facility. This securitization and refinancing of previous loans adds more than $200M in liquidity to DataBank's balance sheet, providing funding for gen...

March 12, 2021

DataBank

DataBank closes Acquisition of Zayo's data centers

DataBank has closed deal to acquire 45 of Zayo's data centers across 20 markets in the US and UK. A second closing for zColo’s data centers in France is expected to be completed in Q1 2021. The deal instantly transforms Databank into a large player in the colocation market. With zColo's facili...

December 15, 2020

DataBank

DataBank acquires zColo sites from Zayo for $1.4 Billion

DataBank will acquire Zayo's zColo division for $1.4 billion. The deal includes the sale of 44 data centers in more than 20 markets across the United States and Europe. The transaction is expected to close in December 2020. Once closed, DataBank will operate 1.1 million square feet of data cen...

September 30, 2020

DataBank

EQT acquires EdgeConneX

The Swedish investment firm EQT AB has announced that it acquired the US-based colocation company EdgeConneX. EdgeConneX has a global footprint, operating over 40 facilities in 33 markets across North America, Europe and South America and continues to expand after being founded a decade ago. ...

August 19, 2020

EdgeConneX

DataBank Commissioned its Second Data Center in Pittsburgh

DataBank has opened its second Pittsburgh data center in North Fayette Township, which it acquired from PNC Bank in January 2019. The PIT2 facility, DataBank’s second in the Pittsburgh area, brings the company’s total data center count to 20 facilities in nine markets.

June 26, 2020

DataBank Pittsburgh PIT2

Aligned Increases Facility to $575 Million (PR)

DALLAS – Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces it has increased its secured credit facility to $575 million as the company experiences conti...

May 11, 2020

Aligned

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