Data Center News

CyrusOne secures billion dollar credit facility for data center expansion

Data center firm CyrusOne this week announced the closing of a $7.9 billion Warehouse Credit Facility incremental to the $1.8 billion Revolving Credit Facility financing completed in May, providing the company with approximately $9.7 billion of additional debt capital raised.“The successful cl...

July 09, 2024

CyrusOne

CyrusOne closes $1.175 billion ABS offering

CyrusOne has closed its $1.175 billion Series 2024-2 and 2024-3 funding round, classified as a Secured Green Collateral Bond, and is the largest ABS issuance since 2021. Series 2024-2 is expected to mature in five years, while Series 2024-3 is expected to mature in seven.Eric Schwartz, CEO of ...

May 18, 2024

CyrusOne

Riken to deploy IBM quantum computer

Japanese research institute Riken is set to deploy an IBM quantum computer at its facilities in Kobe. The quantum system – to be powered by a 133-qubit Heron processor – will be colocated and integrated with the organization’s existing Fugaku supercomputer. “Riken is committed to developing sy...

May 01, 2024

IBM Cloud

IBM signs agreement with Canadian government to strengthen the country’s semiconductor industry

IBM has signed an agreement with both the Quebec government and the Canadian government to strengthen the country’s semiconductor industry. Following this agreement, IBM and the two governments invest C$187 million (US$137m) in the company’s Bromont plant in Quebec to bolster the country’s as...

April 29, 2024

IBM Cloud

IBM to buy Hashicorp for $6.4 billion

IBM is set to buy out HashiCorp, a vendor that makes software to help businesses manage digital infrastructure, for $6.4 billion. It will pay $35 per share for HashiCorp. The company’s stock had been trading at a price of $24.88 before the deal was announced."Enterprise clients are wrestling w...

April 24, 2024

IBM Cloud

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

IBM and RPI launch a new quantum computer in New York

IBM and Rensselaer Polytechnic Institute (RPI) have launched a quantum computer at RPI’s campus in New York. A chapel that the university repurposed in the 1960s, the quantum computer is be positioned next to a stained glass window and serves as a focal point of RPI’s new Curtis Priem Quantum ...

April 06, 2024

IBM Cloud

County’s planning staff recommends denial of massive data center project again

The Prince William County staff have again recommended the denial of all three rezoning requests associated with the PW Digital Gateway data center project. This comes after two rejections of the rezoning requests by QTS and Compass in recent months. County staff said in a report, “At this po...

December 13, 2023

Compass Datacenters

ATC Kenya demands $3.2 million down payement from Telkom to turn tower sites back on

American Tower Corporation Kenya (ATC Kenya) has demanded a down payment of KES500 million ($3.26m) and KES150m ($978k) per month from Telkom Kenya to turn back on mast sites it switched off earlier this year. Reports note that ATC had turned off 246 mast sites seven months ago and is yet to ...

December 06, 2023

American Tower Corporation

CyrusOne launches fifth data center in Frankfurt

CyrusOne has just launched its fifth data center in Frankfurt, FRA5 located in Hanau, 25km east of Frankfurt's city center. This new campus, spanning 18,000 square meters across two buildings will offer 54MW of IT capacity. The launch ceremony hosted by Carsten Schneider was attended by Lord ...

December 01, 2023

CyrusOne

CyrusOne completes its first data center in Spain

Colocation company CyrusOne recently completed the shell and core of its first data center in Spain and threw a traditional flag-flying ceremony to celebrate it. The MAD1 facility, situated on a five-acre site, is a two-story facility with an IT capacity of 18MW across 6,000 square meters. Thi...

November 16, 2023

CyrusOne

American Tower enters partnership with MTN Nigeria

American Tower's African subsidiary, ATC Africa, recently signed a communication agreement with MTN Nigeria focused on 'driving sustainable networks.' Following this agreement, ATC Africa will facilitate new tenancies for MTN Nigeria over a multi-year period, starting in the second half of nex...

November 15, 2023

American Tower Corporation

CyrusOne files to invest $15m in new San Antonio data center

Colocation company CyrusOne has filed with the Texas Department of Licensing and Regulation to build a new data center for the 'CyrusOne SAT 8 & 9' project in San Antonio, Texas. The application notes that the company intends to invest $15 million in building a two-story data center and of...

November 15, 2023

CyrusOne

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

Cloudflare blames Flexential DC outage for its service disruption

Content Delivery Network (CDN), security, and Edge computing company Cloudflare has blamed its November 2 service disruption on a power failure at a Flexential data center in Hillsboro, Oregon. "On November 2 at 08:50 UTC, Portland General Electric (PGE), the utility company that services PDX-...

November 07, 2023

Flexential

ATC names new CEO as Tom Barlett retires

American Tower Corporation (ATC) recently revealed that Tom Bartlett will retire as president, CEO, and board director on February 1, 2024. The company announced that Steve Vondran would succeed Barlett, taking over his positions. Moreso, Vondran has been appointed as the executive vice presid...

October 31, 2023

American Tower Corporation

American Tower to cut emissions intensity in African tower

American Tower Corporation (ATC) Africa has begun to progressively push its sustainability strategy as it announced that direct greenhouse emissions (GHG) per tower dropped by 21 percent against its 2019 baseline. ATC notes that this was down to an "increased deployment of on-site solar power...

October 16, 2023

American Tower Corporation

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

New York-based IBM spin-out Kyndryl to separate China business in response to changing data laws

Global IT managed services provider Kyndryl is now considering separating its business in China into a separate entity in response to several geopolitical issues and the changing data laws in China.According to a report from the Financial Times, the IBM spin-out revealed this to some of its em...

October 03, 2023

IBM Cloud

CyrusOne proposes seventh data center in Frankfurt

CyrusOne is required to construct a new data center in Frankfurt, Germany. Last week, the company unveiled plans for its seventh data center facility in Frankfurt, designated FRA7 and situated on a 678,125-square-foot plot in the Frankfurt Westside business park. The development will include t...

September 08, 2023

CyrusOne

First 1 2 3 4 ... 6 Last

Ready to Level up Your
Data Center Strategy?

Message Us Book Consultation