A few items from around the sector to start off the week:
Hammer Fiber Optics has raised $10M, signing a definitive agreement with Peak One Opportunity Fund for an equity line of credit. The hybrid wireless broadand and backhaul network provider has projects going in Alabama, Sierra Leone, and the Caribbean, which is quite an interesting range of geographies. Hammer will use the funding to more flexibly handle its cash flow needs.
CoreSite has officially opened its third data center down in northern Virginia and fifth in the DC metro region. They recently celebrated the grand opening of VA3 in Reston. CoreSite's footprint in Reston now spans 1.3M square feet with access to 75+ networks and native access to a wide variety of cloud destinations.
Dobson Technologies has jumped onto the SD-WAN bandwagon. The Oklahoma-based service provider has launched SD-WAN services, targeting the panhandle state's enterprise market. Dobson has a 3,700 route-mile fiber network across much of the state and reaching into the Texas markets of Dallas/Fort Worth and Amarillo, over which it offers internet, cloud connectivity, VoIP, and managed IP.
And Internap has expanded its relationship with Lionsgate. The film and TV studio has signed a multiyear deal for space and power in both Los Angeles and Phoenix, the first of which expands on an existing relationship and the second of which is new. INAP entered Arizona last year with a 200K square foot facility in Chandler, just southeast of Phoenix.
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