Friday Bytes: Wave, Crown Castle, DE-CIX

Here’s a quick roundup of some other items to finish out the week: two bits of M&A news and an interesting global interconnection collaboration.

Just before Christmas, we reported here that Wave might be about to acquire Cascade Networks, its third deal for a regional network operator in a year. This morning, they in fact did exactly that. The purchase brings another 350 route miles of fiber into Wave’s growing Pacific Northwest footprint, adding commercial and residential customers in and around Longview, Washington and Clatskanie, Oregon.

According to Capacity, DE-CIX is partnering its way into the Indian interconnection business. They have apparently signed a memorandum of understanding with Interwire, owner of the Mumbai Convergence Hub, one of the country’s largest peering exchanges. The two will be working together, although exactly what will come out of the collaboration is a question for the future.

And another of last quarter’s M&A moves has closed this week. Crown Castle polished off its $1.5B acquisition of FPL FiberNet, adding an extensive Florida-centric network of fiber and conduit to their growing inventory. I have a feeling that Crown Castle isn’t done yet, and that they may find a few other fiber assets out there still associated with energy utilities that could be similarly available given the right approach. DQE Communications, Southern Telecom, and Edison Carrier come to mind right off the bat, but I’m sure there are others.

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Categories: Interconnection · Mergers and Acquisitions · Metro fiber