Lots of earnings news coming over the next two days, so before we are inundated with revenues and EBITDA, here are a few snapshots of other interesting news that has crossed the wires recently:
Up in Minnesota, Enventis (news) [a subsidiary of HickoryTech (NASDAQ:HTCO, news, filings)] has kicked off its $24M stimulus buildout, which will add a new fiber route between northeast Minneapolis, Duluth, and Superior across the border in Wisconsin. In all, 430 route miles will be constructed over the next two years. $16.8M will come from BTOP, with the balance of $7.2M coming from Enventis. MP Nexlevel will be handling the OSP fiber construction itself.
Zayo Group (news, filings) will be providing dark fiber to Denver-based neighbor PeakColo that will serve as the cloud-based solution provider’s western area network. PeakColo operates four data centers, three in Denver and another in Phoenix. Zayo’s Denver footprint derives mostly from the old Adesta-derived conduit they purchased a few years ago. They’ve been kind of quiet this year after last year’s purchases of AGL and AFS. So far anyway.
On the global front, NTT America (news) [a subsidiary of NTT Communications (NYSE:NTT, news, filings)] expanded its Layer 2 Ethernet solution to international PoPs in both Asia and Europe. More specifically, they added Hong Kong, Japan, Singapore, and ‘all of Europe’ to the list of destinations available. The product, entitled Global Virtual Link, was introduced a year or so ago [edit: an earlier version of this article said two weeks ago, mea culpa!] in the US market to work in concert with the company’s flagship Tier-1 IP backbone.
360networks continued its offensive down in Texas, picking up a contract with Xfone subsidiary NTS Communications. They will be providing Ethernet Private Line services between Lubbock and Amarillo as well as wavelength services between Lubbock and Wichita Falls for the western-based service provider. 360Networks added both Ethernet and IP products to its portfolio earlier this year, and has since been making some headway in winning new business.
And finally, Digital Realty Trust (NYSE:DLR, news, filings) is extending its REIT reach down under, adding a site in Australia for the first time. They have acquired a 3.48 hectaresite in Sydney for $10.7M, located in the Erskine Park industrial precinct of the Western Sydney Employment Hub. They have secured permits and will construct phase 1 this fall, consisting of two 1.44Mw turn-key facilities totaling 9,300 square meters.