European cloud and colo demand must be looking pretty good despite the sustained economic headwinds. CenturyLink's Savvis division is building out new space to bolster its square footage in London.
The expansion will bring their square footage in Slough to 100K square feet, nearly doubling their space in the London suburb and giving them five. Initially the expansion will bring 35K square feet of raised floor space with 2.4MW of IT load.
The new LO5 data center will be their sixth in Europe, and follows last year's buildout in the Frankfurt market. Somehow I had expected CenturyLink's takeover of Savvis would direct more of its expansion capex toward the US, but they've found some fertile ground overseas it seems with their cloud and colo mix.
Perhaps CenturyLink might also be a contender for some European M&A, as an alternative to paying top dollar for metro fiber here in the US. The big dividend kefuffle from last month took a bite out of their stock price, but not much changed operationally. The extra cash on hand from a lower dividend could go a long way if they find the right target, although I can't think of who might be the right fit.