The New York Post has an article as of early this morning quoting sources who say that AboveNet has indeed managed to attract a binding offer from a private equity group – the terms of which aren’t yet known. We know of course that there is an auction of sorts going on, so I wouldn’t be at all surprised if this were the case – although it doesn’t sound as if the fat lady has sung yet. Last I heard, tw telecom and Zayo were still in the hunt as well.
As for the rest of the NY Post article, I’m a bit puzzled by the slant:
AboveNet, whose technology, according to some critics, is falling out of favor with the industry…
Hear that everyone? Metro fiber is falling out of favor! Copper must be back in vogue, time to run away! Actually, I think it’s more related to this quote:
“The biggest bottleneck for the future is in the data center and less and less about underlying fiber,” a source said.
Well, there’s no doubt that the data center space is hot too, but I’d like to see either one (metro fiber or colocation) get by without the other. Both sectors are plenty hot right now – and metro fiber hasn’t been this hot since the bubble burst. Seems silly to put the two in the same race though, it’s part of the same phenomenon. But then, it is the Post.
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