Making friends is a valuable skill, and northeastern fiber operator sidera has been working overtime lately to get it right. Last week they teamed up with the UK's Exponential-e, and this week it was the turn of Colt Group (LON:COLT, news) and Spread Networks (news).
Pan-European operator Colt Group (LON:COLT, news) has good reason to partner with Sidera, as both companies are active in the financial vertical on their respective sides the Atlantic, but neither has substantial assets in the other's territory. Well, Colt has had a few routes over here, but nothing that could help them play the low latency game. Sidera will be providing ultra-low latency connectivity to and between the New York and Chicago metro areas.
Meanwhile, in a likely related development, Sidera has added Spread Networks' low latency connection between those two cities to its portfolio. Sidera has been working hard on its low latency offerings in both cities, but they haven't had the intercity assets to go with it. Spread's Chicago to Carteret 14.6ms wavelength product fits that void nicely, and Sidera therefore will be wholesaling it effective immediately. Meanwhile, Spread gets direct access to greater depth on both ends of that disruptive new fiber build.
Both relationships will help bring out the value in Sidera's assets, which are said to be for sale right now. I still am not sure ABRY is ready to sell, it may make more sense to pair up with other assets owned by private equity first.
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