The interconnection space saw a little consolidation occur simultaneously with organic expansion today. DE-CIX both formally launched its new Istanbul internet exchange and made an acquisition in the same market. They have acquired IST-IX, which was originally founded by Terremark.
DE-CIX announced its plans to open an IX in Istanbul back in May of this year, which was one of several expansions around the edges of the Mediterranean basin. Located on the border between Europe, the Middle East, and the Caucasus, the idea is to help carriers from each of those regions expand their effective reach with less dependence on the submarine cables through the Mediterranean and Red Sea.
The initial presence is in the MedNautilus building, where Verizon, Turkcell/Superonline, and TI Sparkle all have a substantial presence. They'll be hooking that up to 15 additional facilities, and reaching out to the cities of Ankara, Bursa, and Izmir as well.
Meanwhile, the acquisition of IST-IX will let them gain scale more quickly as they transfer that exchange's traffic over to their Apollon platform. Financial terms were not disclosed.
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