Apparently, Masergy Communications (news, filings) won’t be joining the ranks of publicly traded network operators as last week the company postponed its IPO due to market conditions. As I noted last week, it was an opportunistic move – they don’t need the cash – and obviously their current shareholders saw they weren’t going to get their price and decided to wait for better weather. Private equity has been interested in such assets lately, but the public markets remain skittish I guess. Maybe they’ll be back later this year. Or maybe they’ve got a bidder in the wings…
intellifiber won a multi-million dollar contract for connectivity to that humongous data center complex QTS has been putting together down in Richmond. The Virginia market is Intellifiber’s home turf of course, having been a stronghold of both Cavalier and of Dominion Telecom back in the day. They’ll be building new routes for this one though, adding diverse, low latency routes from Richmond to both Culpeper and the major datacenter markets of northern Virginia.
And down in Australia, Pacnet (news) opened yet another data center facility to go along with those ‘data landing stations’ they’ve been building out over the past few quarters. This facility is located in the central business district of Sydney on Liverpool Street. The initial 5,920 square feet brings Pacnet’s total datacenter footprint above 100K square feet. When fully built out, the company says it will scale up to more than 41K square feet.
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