Friday Roundup: CityFibre, Interoute, GTT

July 1st, 2016 by · Leave a Comment

In the US, folks are heading into the long July 4th weekend and are looking forward to barbecues, parades, and fireworks. Before you leave though, here's some news from around the world.

In the UK, CityFibre has a new strategic partner for connectivity out in rural areas. They're teaming up with Gigaclear, which will be using CityFibre's metro and intercity footprint to help with backhaul needs from the company's fiber buildouts. The partnership will be of most utility in the areas surrounding CityFibre's own metro buildout projects of course.

Interoute has a new tenant at its Madrid data center that is bringing in new interconnection options. DE-CIX is expanding its Madrid internet exchange into the facility, giving them two nodes in the Spanish capital. DE-CIX has been busy the last few years replicating the model it perfected in Frankfurt in markets around the world.

And GTT did a little balance sheet work this week following the integration of their One Source Networks acquisition. They have completed a repricing of their $430M term loan and $50M revolver. The new rates are LIBOR+4.75% and LIBOR+4.25%, down by half a percent. The move cost them less than $1M and will save the company $2M per year.

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Categories: Datacenter · Financials · Interconnection · Metro fiber

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