An M&A, some ESG, some subsea spectrum, and a connectivity upgrade:
Cogeco has made an inorganic move up at Niagara Falls. Cogeco Connexion is acquiring Niagra Regional Broadband Network, which serves communities on the Canadian side of the Niagara River. It is owned by the City of Niagara Falls and the Town of Niagara-on-the-Lake, which will remain minority shareholders in the company. The deal will add depth to Cogeco’s footprint and empower future investments in NRBN’s footprint.
EdgeConneX has gained a formal validation by the Science Based Targets initiative. SBTi says that EdgeConnex’s plans are inline with the most ambitious designation of a 1.5°C trajectory. EdgeConneX has committed to ‘reduce absolute scope 1 and 2 GHG emissions 50.3% by 2030 from a 2021 base year.’ They have also committed to scope 3 emissions 51.6% per MegaWatt of installed data center capacity as well.
Aqua Comms has sold some subsea spectrum to the Energy Sciences Network. ESnet will have 25% of a fiber pair on AEC-1 between NYC, Dublin, and London, giving them 5Tbps of dedicated capacity to work with. ESnet is the DOE’s research network, and this is the first time they’ve bought transatlantic spectrum. They are gearing up for science collaborations such as the high luminosity upgrade at CERN’s Large Hadron Collider.
And EXA Infrastructure has upgraded its connectivity to destinations on the Italian island of Sicily. They have upgraded the Janna cable system, which hooks up with fiber on the Italian mainland. And they are adding a new submarine route between Palermo and Genoa, which is expected to be ready in Q2. The upgrades will give them four diverse links to Sicily, which has emerged as a key gateway between southern Europe and Africa, the Middle East, and Asia.
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