Here's a quick look at a few news items that flashed past already this week:
Navisite (NASDAQ:NAVI, news, filings) [a subsidiary of Time Warner Cable (NYSE:TWC, news)] has sold off a piece of its colocation business, as it executes on a plan to focus on managed and cloud solutions. Cologix will buy the company's Dallas facility and customers for $12.75M in cash, although NaviSite will remain in the facility as a customer. The deal is already complete, and the cash will go toward debt repayment. Cologix seems to be a new entity, but the grapevine tells me that former Level 3 executive Grant Van Rooyen and several others are behind it.
International backbone Tinet has expanded into Phoenix, adding a POP at the Phoenix NAP facility. It's been business as usual for Tinet since its acquisition by tndm, as they increase their US coverage for both IP and Ethernet services. I look forward to deciphering the combined Q4 numbers in a month or two.
In Virginia, Shenandoah Telecom won a contract with Page County to build some middle mile fiber. The new 39 mile route will stretch from Rileyville to Shenandoah. With just 23K people, you'd think they'd have found some BTOP money for this corner of Virginia. Oh wait, they did! (In the era 'before google' that would have taken forever to track down). Lots of the stimulus projects won by non-network-operators are now filtering down to various providers around the country.
And finally, TW Telecom (NASDAQ:TWTC, news, filings) continued its annual support of the 'NORAD Tracks Santa' program, providing local voice services to power the toll free lines children can call to find out what's keeping those reindeer. Which reminds me, I need to do some shopping...
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