One M&A, an expansion project that won’t happen, one that did, and one that is in process now:
Global Cloud Xchange’s plans for the Eagle cable are officially off the table. According to Capacity, GCX CEO Carl Grivner says the company has shelved the project. After taking over last year and shepharding the company out of the Reliance umbrella, the management team is taking a hard look at what it does and plans to do. Eagle would have connected Sicily over to India, but it has no anchor tenant and thus no viable path forward. Instead, GCX will likely seek capacity on other cable systems following similar routes through the region.
Epsilon has boosted its relationship with the London Internet Exchange (LINX). After expanding its capacity to connect customers to the exchange via remote peering on its Infiny platform, the company has become a LINX Diamond partner. Epsilon hooks up to LINX via both LON1 and LON2 in London as well as NoVA over in northern Virginia.
Some data centers will be changing hands up in Scandinavia. The Israeli group Azrieli plans to acquire the Norwegian data center operator Green Mountain for $850M. Green Mountain operates facilities in Oslo, Stavanger, and Rjukan. The last of those is the Norwegian town that uses mirrors to create a ‘sun’ they would not otherwise have in the winter due to the narrowness of the valley’s walls. The deal will cost Azrieli some $850M.
And Frontier is putting some dollars to work in the states of Connecticut and Texas. They have unveiled plans for 2021 to bring fiber within range of another 280,000 consumers the former and 24,000 in the latter. Fresh out of Chapter 11 this past spring, the company is moving to expand its FTTH reach in those territories it took over copper infrastructure from the likes of AT&T and Verizon over the years.
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