St Louis Data Center News

Verizon Launches AI-centric Network ffering

Verizon has launched a new AI-centric network offering called Verizon AI Connect, an integrated suite of solutions and products designed to “enable businesses to deploy artificial intelligence (AI) workloads at scale.” The telco s looking to make its underutilized data center assets available ...

January 27, 2025

Abdul-Rahman Oladimeji

Verizon Enterprise

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

Abdul-Rahman Oladimeji

TierPoint

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

Abdul-Rahman Oladimeji

Lumen Technologies

Verizon kickstarts construction of new cell tower in Texas

Verizon has started construction of a new cell tower at Fort Bliss Army Post in El Paso, Texas. This tower will be constructed by Boldyn Networks and will provide connectivity to service military personnel in Texas and New Mexico. “Verizon supports our military partners through a number of in...

February 21, 2024

Abdul-Rahman Oladimeji

Verizon Enterprise

HMC Capital acquires StratCap

Australian investment firm HMC Capital announced this week that it has acquired 100 percent of North American digital infrastructure investor StratCap from private investors for $28.5 million. This deal will be completed once the full form legal agreements are met including obtaining regulato...

February 20, 2024

Abdul-Rahman Oladimeji

StratCap Data Centers

Netrality secures $380 million SLL for upgrade efforts

US data center operator Netrality has secured a $380 million sustainability-linked loan (SLL) to help make its data halls more energy efficient. The loan facility will be paid in US data center operator Netrality has secured a $380 million sustainability-linked loan (SLL) to help make its data...

November 22, 2023

Abdul-Rahman Oladimeji

Netrality Properties

H5 expands its San Antonio data center

H5 this week announced the phase three expansion of its 100 Taylor Street facility, adding an additional 340 cabinets and up to 1.5MW of additional UPS capacity. This site, located at 100 Taylor Street, was acquired by H5 in 2018 and was previously owned by the Texas ISP Taylor Telecom. It is...

November 21, 2023

Abdul-Rahman Oladimeji

H5 Data Centers

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

Abdul-Rahman Oladimeji

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

Abdul-Rahman Oladimeji

Lumen Technologies

Old Verizon office and data center in Pittsburgh for sale/lease

Verizon's former Pittsburgh, Pennsylvania office and data center is available for purchase or lease. It has been put up for sale or lease by Colliers and Sampson Morris Group at 5400 Campbells Run Road. The 10-acre, 1959-built office and data facility features 130,000 rentable square feet and ...

August 29, 2023

Abdul-Rahman Oladimeji

Verizon Enterprise

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

Abdul-Rahman Oladimeji

Lumen Technologies

StratCap acquires digital infrastructure assets worth $90 million

StratCap has acquired essential digital infrastructure assets worth roughly $90 million, which include 13 cell towers and a data center. The acquisition was announced during the company's recent Q2 earnings report. StratCap has acquired cell towers in Missouri, Florida, Wisconsin, Tennessee, a...

July 14, 2023

Abdul-Rahman Oladimeji

StratCap Data Centers

H5 Data Centers to expand its Phoenix data center

H5 Data Centers has announced a 30,000 sqft expansion of its Phoenix colocation facility. Located at 2600 W. Germann Road in Chandler, AZ, this expansion is part of the company's third phase of development at the 180,000-square-foot data center.Further to this square-footage expansion, phase ...

July 04, 2023

H5 Data Centers

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

Abdul-Rahman Oladimeji

TierPoint

Loblaw former data center in Canada bought by Grain & StratCap

Grain Management and StratCap bought a data center on the Canadian outskirts of Toronto. This week, the firms announced the formation of a joint venture to purchase 55 Hereford Street in Brampton, Ontario. The terms of the transaction were not disclosed, but per the joint venture contract, Str...

June 22, 2023

Abdul-Rahman Oladimeji

StratCap Data Centers

StratCap Expands Data Center Portfolio with Acquisition of Two US Facilities

StratCap, a privately held investment firm, has acquired two data centers in the United States. The data centers, located in California and Missouri, were purchased for an undisclosed amount. StratCap acquired in Santa Clara, California, a purpose-built data center that is 100 percent leased t...

April 18, 2023

Abdul-Rahman Oladimeji

StratCap Data Centers

Construction of H5's Ashburn, VA Data Center Begins

After dismantling the former data center there, H5 Data Centers has started construction on a new one in Ashburn, Virginia. This week, the company started building a 255,000-square-foot, three-story data center with a 42-megawatt capacity. The building is offered for pre-leasing at Loudoun Cou...

March 22, 2023

Abdul-Rahman Oladimeji

H5 Data Centers

Verizon signs four new PPAs

Verizon has announced that it has signed four new power purchase agreements (PPAs) for renewable energy, an aggregate of up to 410 MW of renewable energy capacity. According to the company, these new deals align with its broader goal to source or generate renewable energy equivalent to 50 per...

January 17, 2023

Verizon Enterprise

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

Abdul-Rahman Oladimeji

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

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