Another week has passed, or will have passed by the end of the day of course. Time to catch up on some more interesting news items:
Digital Realty Trust (NYSE:DLR, news, filings) is raising another $175M for its warchest. The datacenter REIT announced the pricing of a public offering of 7M shares of 6.625% redeemable preferred stock to be $25M, with an additional 1.05M shares on tap to cover over-allotments etc. Regarding what they'll be doing with the money, they list the usual suspects - debt refinancings, acquisitions, general corporate purposes, etc. But basically, this quarter they have bought stuff in San Francisco, Atlanta, Ashburn, and Dallas -- so you can see why a trip to the capital markets was in the cards.
Cologix (news) picked up a high profile win the other day at its 1250 Rene Levesque facility in downtown Montreal. French-based webhosting provider OVH.com is moving in as part of an effort to expand its reach further into North America. OVH is big on the other side of the Atlantic, with 110K servers across six data centers. Cologix's Montreal facility and Meet-Me room are a logical place for a French-based hosting provider to establish a foothold - especially now that Canada's regulatory blocks on telecommunications infrastructure have been loosened.
Down in Georgia, Unite Private Networks finished up another one of its signature metro builds in out-of-the-way places. They completed a 66 mile network to the south of Macon as part of a 10 year contract with the Houston County Board of Education. They also credited the assistance of Flint Energies, which I presume helped them with rights of way and pole attachments and such.
And BTI Systems kicked off its integrated services delivery platform with a big win. Rural ILEC Frontier Communications (NYSE:FTR, news, filings) is using the complete suite of products to help it overcome video-related network congestion. Frontier has been keeping its head down over the last several quarters, I've wondered what they're up to. Seems like they'll inevitable take a swing at FairPoint Communications (news, filings), but maybe not just yet.
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