Here's a quick roundup of some of the news from the sector that didn't have to do with earnings reports this week:
Chicago will getting some new fiber-to-the-tower action from the cable MSO sector. WOW! Business said today that it has won a deal to hook up some 500 cell towers across the Chicago metro area. They'll be building more than 50 rings to bring data from those towers back to the mobile switching centers, with the first sites expected to be online in Q4 of this year.
Lightower Fiber Networks is adding some feet on the ground in New Jersey. They are putting in a new office in Woodbridge at 581 Main Street, from which they will support their expansion projects in the state. Earlier this month they gained authorized vendor status to the NJ state government.
Cologix has picked up another tenant out in Vancouver. The hosting provider GT.net has moved in at 150 W. Pender Street, gaining access to Cologix's network community, connections to 555 West Hastings, and VANIX. Cologix seems about due for another inorganic move into a tier 2/3 market sompeplace.
The debt markets were happy to help Level 3 with its plans to raise money for the tw telecom deal this week. What started out at $600M on Tuesday morning finished the day at an even $1B priced at 5.375% and due in 2022. But then, financing such things has never been a big hurdle for Level 3.
And China Telecom is expanding its US footprint with some help from CoreSite. Their US division is moving into CoreSite's Coronado campus in Santa Clara, from which they will support their US operations.
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