Friday Roundup: STI, Comcast Business, ChinaCache

April 27th, 2018 by · Leave a Comment

Two bits of fiber news and a deal interrupted:

Southern Telecom has won a deal for some dark fiber down in the Atlanta metro area. Georgia System Operations Corporation, a nonprofit that coordinates operations for 38 electric utilities in the state, is leasing the fiber to hook up its headquarters in Tucker to the Georgia EMC office on the Georgia Tech campus downtown. GSOC will use the fiber to improve its network infrastructure and generate cost savings.

Comcast Business is putting $1M to work in Maryland. The resources will go toward expanding the company's fiber and Ethernet network in the city of Frederick, adding new fiber in and near downtown. More specifically, the expansion extends the company's infrastructure to hundreds of businesses on Patrick Street, East Street, Thomas Jonson Drive, Rosemont Avenue, Westview Drive, Ballenger Creek Pike, Buckeystown Pike, and Urbana Pike.

ChinaCache is pulling the plug on a sale of its data center assets. The company has terminated an agreement announced last month to sell 79% of the company's equity interest in ChinaCache Xin Run Technology to two companies controlled by its Chairman and CEO Song Wang for RMB221.1M (about $32M when the deal was announced). Xin Run runs colo in Beijing, Shanghai, and Guangzhou spanning some 12,400 racks. At the time, Chinacache said the deal would get them out of the capital intensive business to focus on its core CDN.

Categories: Cable · Content Distribution · Datacenter · Mergers and Acquisitions · Metro fiber

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