Tuesday Bytes: AtlasEdge, DRFortress, OneWeb, BT, GTT

November 2nd, 2021 by · 2 Comments

Several interesting announcements to catch up on from around the industry:

A pile of data center assets have changed hands over in Europe. AtlasEdge announced this morning the purchase of 12 colo facilities in 11 markets from Colt DCS. AtlasEdge, which was founded just this year by Liberty Global and Digital Colony, now has over 100 facilities in 11 countries serving 700+ customers. The 11 markets covered in this deal were Amsterdam, Barcelona, Berlin, Brussels, Copenhagen, Hamburg, London, Madrid, Milan, Paris and Zurich.

DRFortress has a new network operator tenant at its data center out in Hawaii. Cogent Communications has expanded its global network into the company's facility in Honolulu on the island of Oahu. Cogent will use the new infrastructure to offer internet services to the Hawaiian enterprise marketplace. DRFortress's ecosystem in Honolulu now has 23 carriers and communication providers to choose from.

OneWeb has a new high profile customer in the UK. The satellite operator and BT Group have signed a new distribution partner agreement that will see OneWeb's LEO satellite services integrated with BT's terrestrial network. They'll be starting off in the labs and progressing to live trials in early 2022. OneWeb expects to offer global coverage by June of next year through a constellation of 648 LEO satellites.

And GTT has finally made its restructuring move, filing for chapter 11. It's a prepackaged plan they have put together with lenders and noteholders, and has been planned since the sale of the company's infrastructure business (now reborn as EXA Infrastructure) to I Squared Capital in September. GTT expects to come out of the process with $2.8B less debt, and hopes to have the restructuring plan confirmed by mid-December.

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Categories: Datacenter · Financials · Internet Backbones · Mergers and Acquisitions · satellite

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