Friday Bytes: Lumos, EdgeConneX, TierPoint, China Unicom, Zayo

April 1st, 2016 by · Leave a Comment

Here's a quick roundup of some news to end the week and start off April.

Lumos Networks' push into southeastern Virginia added another interesting foothold today. They have extended fiber into the edge data center of EdgeConneX in Norfolk. It's their 35th data center hookup, and their first in this particular area. Lumos has been making a major effort to increase the scope of its fiber business throughout the state. EdgeConneX's facility is at 3800 Village Avenue and features 100,100 square feet.

TierPoint has polished off its acquisition of Cosentry from TA Associates, which will join its investor group. The deal brings 9 data center in the midwest into TierPoint's portfolio, which now spans some 38 data centers in 24 markets nationally. As data center rollups go, I think we're pretty much certain to see TierPoint strike again soon.

Over in the Far East, China Unicom says it is going to build a massive new data center footprint.  Spanning the country, they have some 2 million square feet of space planned, and it's aimed squarely at the cloud computing market.  The expansion will multiply their colo footprint by several times, although the timeframe is unclear.  Just recently, China Unicom announced an agreement with ZTE for SDN and NFV deployment, so it's clear they are executing on a major blueprint for their nextgen infrastructure.

And Zayo is tapping the credit markets for some refinancing. After initially putting a $350M offering of 6.375% senior notes out there, they have now upsized it to $550M. That sum will let them not only redeem the $326M in 10.125% notes but also $197M borrowed under its secured term loan facility.

Categories: Datacenter · Financials · Mergers and Acquisitions · Metro fiber

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