Verne Global will soon have some new IP connectivity at its data center campus at Keflavik in Iceland. Level 3 is set to build out a PoP in the facility, bringing its international backbone to the volcanic island nation.
Iceland has been fighting for a bigger chair at the infrastructure table for some time now, leveraging its geothermal energy reserves to offset its lonely position in the far northern Atlantic. The thesis is that renewable power positioned between Europe and North America could make for an indispensible cloud node.
Verne Global and its backers have been gaining some traction on that front, although perhaps not quite as fast as they would like at times. As the year began they rasied $98M for expansion, in February BT added a PoP, and in March it was Epsilon and Farice. The proposed Emerald Networks transatlantic build had planned a landing in Iceland, and the AEConnect cable that is now arising from that project still has that option on tap.
With its profits growing and its debt now not so heavy, Level 3 has been growing its global reach more aggressively of late. They have been looking to give their European business a boost, and my longstanding opinion that they might make a play for Colt continues to stand. Colt also has a presence in Iceland of course, and in fact supplied Verne Global with modules for its data center space there a few years back.
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