Monday Bytes: Stellium, CoreSite, Iristel, Cogent

November 28th, 2016 by · 2 Comments

In the US, Thanksgiving is over and we are now in the interlude before Christmas when little gets done.  Little doesn't mean nothing though, so let's take a quick survey of what else is out there:

The UK will be getting a new data center up along the northeastern shore of England. Stellium, a newly formed company founded by industry veteran Noel Meaney, is putting together a new facility in the city of NewCastle. They have 80MVA lined up from two dedicated SSE substations, and 40km of metro fiber to hook up to the main fiber backbones as well.

Also on the data center front, CoreSite says it has achieved Advanced Technology Partner status as part of the AWS Partner Network. The new status gives them access to additional tools, training, and support with which they will improve their Direct Connect offerings. They have direct access to AWS in four markets, with five more through their Open Cloud Exchange.

There was some CLEC M&A up north last week that should be noted. Iristel has announced the acquisition of two smaller competitive operators: Trutel and Exelia. Trutel is based in Toronto, while Exelia is over in Montreal, helping Iristel build scale in the country's most heavily populated regions. Financial details were not disclosed.

And this morning Cogent Communications announced plans to tap the debt markets once again.  They intend to sell another $125M of 5.375% senior secuired notes due 2022.  They'll be using $56.6M of that t o pay cash dividends to the company's shareholders, with the rest going toward 'general corporate purchases', stock buybacks, or of course more dividends.

Categories: CLEC · Cloud Computing · Datacenter · Mergers and Acquisitions

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