Some financing news, and a couple customer wins worth noting at mid-week:
A few more details of how GTT's big European deal for Interoute will happen came out this week. A group of investors led by current Interoute investors Aleph Capital Partners and Crestview Partners will be investing $175M in GTT common stock when the deal closes. This will shift some of the $2.3B purchase price for the deal from debt to equity.
Aqua Comms has picked up a new customer on its AEC-1 subsea cable. Hurricane Electric has activated a 100G wave between New York City and Dublin, adding transatlantic capacity and diversity to its global internet backbone. HE has been steadily expanding worldwide, and where there is one 100G wave in place, others generally follow eventually.
And Vapor IO's plans for putting even more computing out at the edge has a new high tech tenant. Hangar has announced plans to put its robotics-as-a-system data acquisition platform out on Vapor IO's Project Volutus edge platform. The idea is to leverage the low latency edge computing capabilities in order to better control the autonomous drones that will surely eventually revolt and take over the world. Sorry, got carried away there, I watched the original Terminator again the other day. Vapor IO's technology will put miniature data centers beneath cell towers and elsewhere, pushing the edge closer to the consumer.