It's not *all* about developing properties for Digital Realty Trust (NYSE:DLR, news, filings), like everyone in the sector they are diligently working on their ecosystem. Today they established what is billed as a 'distributed cloud data center connectivity platform' with the help of Epsilon Telecommunications.
They're tapping into Epsilon's global network exchange, powered by gear from BTI Systems, in order to offer dynamic bandwidth to cloud and content providers. The new platform initially consists of new PoPs in Digital Realty's London facilities in Chessington and Woking with a dark fiber ring hooking up 22 other nearby data centers, and will be expanded to other global locations over time. The idea is to streamline the process of hooking up cloud assets across multiple locations that would otherwise require increasingly complex networks.
Epsilon has been moving aggressively into the cloud interconnection space, and partnering with Digital Realty will give them a big boost in reaching potential customers. For its part, BTI Systems' cloud networking solutions will get some high profile visibility.
Meanwhile, Digital Realty also made a big balance sheet move with a $3B refinancing. They've refinanced both their revolving credit facility and multicurrency term loan, adding $450M to the total while lowering the interest rate former by 20 basis points and the latter by 25 basis points. They also managed to get some of the covenants relaxed, which will give them additional flexibility when it comes to buying and developing yet more real estate.