Lockdown continues, but so does the day to day business in internet infrastructure around the world. Here's some more quick takes:
Global Cloud Xchange is one step closer to being back on its feet. Yesterday they announced that the company's non-regulated businesses have emerged from Chapter 11. The regulated pieces are expected to follow later this year, so it's not quite over yet. A new board of directors has been appointed, with CVC Capital's Jim Ousley as chair, joined by Anja Blumert, Alan Carr, and Chris Mallon. When the restructuring is complete, GCX expects to fully emerge as a fully independent company with a lighter debt burden.
Ciena has picked up some business under down under. TasNetworks's 42-24 subsidiary is deploying Ciena's coherent optical solution across its fiber network on the island of Tasmania, including the rural areas on its western coast. The deployment gives TasNetworks the ability to use 200G single-carrier wavelengths and prepares support for the arrival of 5G, IoT, and other bandwidth-hungry nextgen technologies. Juniper Mist's AI-driven solution will help them consolidate and mondernize the company's IT infrastructure.
Juniper Networks has picked up an enterprise customer for at its Mist subsidiary. Transports Vervaeke has picked Mist's Wireless LAN platform to streamline its infrastructure in garages, warehouses, and offices around Europe. Transports Vervaeke is based in the Benelux region, from which it moves chemicals, fuel, and related goods as well as the logistical services necessary to move them around.
And the debt and private equity markets seem to be doing ok so far, at least when it comes to data centers and the cloud. Tierport this week closed a transaction raising $320M in preferred equity from a consortium of investors, both old and new. Tierpoint will use the funds to repay its second lien credit facility in full, reduce the balance under its revolving credit facility, and provide some growth capital.
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