Thursday Bytes: GTT, Jaguar, RCN Business, CyrusOne

July 2nd, 2015 by · Leave a Comment

With the July 4 weekend on tap, lots of folks are already firing up the grill. Here's a few quick takes to finish off the week first:

Another week, another network interconnection agreement... GTT and AT&T have signed the latest long-term deal to hook up their IP networks. With the FCC now set to look into such commercial arrangements should they get too contentious, network operators seem less inclined to let these things drag out while they test each others' pain thresholds. Nobody calls them peering agreements anymore though, the terminology seems to have been retired.

The Open-IX Association has certified another data center, but this time outside North America. The Marseilles facility operated by Jaguar Network over on the French Mediterranean coast has earned its OIX-2 certification. That should help boost their position as a hub for interconnection in what is a key submarine cable landing market for connectivity between Europe, Africa, and the Middle East.

Back in the USA metro, RCN Business says it has now deployed 110Mbps internet services across all of its markets. The HFC-based offering complements the company's fiber access solutions and helps them expand the range of customers they can serve. RCN's position in larger east coast markets makes me wonder if they might not get some inorganic attention from the likes of Altice, which is of course buying Suddenlink and has been looking for other possibilities in the US.

And CyrusOne got bigger today, as they have now closed their planned acquisition of Cervalis Holdings LLC. The deal gives them four new data centers and two work area recovery facilities in the New York City metro area, helping diversify the company's geographical footprint. They paid $400M for it, adding some 500,000 gross square feet of space, of which 130,000 is colo square feet. Cervailis generated $20M in revenue the first quarter of 2015.

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Categories: Cable · Datacenter · Interconnection · Mergers and Acquisitions

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