Thursday Roundup: Involta, NetIX, du, SpaceX

May 6th, 2021 by · Leave a Comment

An M&A, an upgrade, some financing, and some pre-ordering.

There was a bit of data center M&A this morning. Involta has announced the acquisition of the assets of SecureData 365 out in Canton, Ohio. Involta operates facilities in Tucson AZ, Boise ID, Marion IA, Duluth MN, Pittsburgh PA, and Akron, Independence, Youngstown, and now Canton OH.

NetIX has upgraded its port capacity into DATAIX. They have boosted their connection to the Russian and eastern European IX provider up to 100GE in order to keep up with customer demand for access to the DATAIX ecosystem. NetIX itself says their peak throughput now regularly exceeds 1Tbps.

The Middle Eastern telco du has raised a bundle of financing recently. The Emirati provider has confirmed new long term financing worth more than $1B, which will go toward ‘infrastructure deployment’ and the everpresent ‘general corporate purposes’. A little more than half of that sum will be in the form of a five-year revolving credit facility, with the rest in the form of a seven-year loan.

And SpaceX’s Starlink says it has 500K customers lined up. The satellite broadband service has been taking preorders for its service, and is preparing to meet that demand. It isn’t yet clear what the geographical distribution of those potential customers might be, and whether the company’s non-geostationary orbit satellite system will be in a position to meet their expectations.

If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!

Categories: Datacenter · Financials · Interconnection · Mergers and Acquisitions · satellite

Discuss this Post

Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.

  • Ramblings’ Jobs

    Post a Job - Just $99/30days
  • Event Calendar