TelecityRedbus has launched four new facilities in London, Amsterdam and Paris. At an investment level of 20 million, the developments will add over 34,000 square feet of advanced high-density and managed hosting space and are part of a plan to meet both current and future customer demand. Details of further investments will be announced later this year.

Bezeq is investing in building a storage and back-up facility that will enable it to host computer infrastructures for businesses, erect back-up sites (DRB/BCP), and provide full communication services. The Israeli based operator plans to provide its business customers with a number of new Data Centre services from leasing space and hosting servers to complex communication services. The company is currently building the first site that will also have a secure and protected underground facility.

Equinix, Inc, the provider of carrier neutral data centres and Internet exchange services, has announced an agreement to acquire its flagship Silicon Valley property for USD65.0 million. The Company intends to finance the majority of the cost of the acquisition, following an initial USD6.5 million deposit. Although the closing date is yet to be determined, it will occur no later than November 2007. Equinix's flagship Internet Business Exchange (IBX) centre in San Jose is one of four IBXs currently occupied by the Company in the Silicon Valley area.

Los Angeles based CRG West, a Data Centre and property management company with private-equity fund The Carlyle Group have announced that they have acquired the Valley Exchange, a carrier-neutral Data Centre in Milpitas a former MCI-WorldCom facility based in the San Francisco Bay area. The Data Centre has around 43,000 square metres of co-location space and it is located at 1656 McCarthy Boulevard in Milpitas. The investors expect to open the space in the second quarter of 2007 located at 1656 McCarthy Boulevard.

Alternative network provider COLT TELECOM has reported its financial results for the last quarter of 2006. The company now headquartered in Luxembourg posted earnings before interest; tax; depreciation and amortisation (EBITDA) of 70.9 million euros for the 3 month period to the end of December 2006 compared with figures of 73.1 million year on year. Revenue for the 3 month period fell by 1% year on year to 449.2 million euros mainly due to the impact of falling switched voice revenues. Data revenues rose by 10% year on year to 200.9 million.

BT Global Services has announced that it is to purchase Mumbai-based i2i a specialist in IP and communications services. i2i is already a distributor of BT infonet's managed network services in India. Through this acquisition BT becomes the largest foreign-owned global carrier operating in India.

IOMART, the Scottish web services company has raised some £11m to buy a controlling stake in a UK data centre business. The company has made an acquisition of a 51 per cent stake in Ezee DSL marked a "fundamental shift" for the Scottish firm, which is chaired by entrepreneur Nick Kuenssberg. The company is reported to be paying £4.8m to acquire the majority holding in Ezee DSL, which has data co-location facilities in Glasgow, Nottingham, Leeds, Leicester and London. The operation will be renamed Easyspace Datacentres.

Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated Internet exchanges and a global provider of managed IT infrastructure solutions for government and private sectors, today announced the pricing of its public offering of 11.0 million shares of its common stock at $8.00 per share. The company has granted the underwriters an option to purchase up to an additional 1.5 million shares to cover over-allotments, if any. Credit Suisse Securities (USA) LLC is acting as sole bookrunning manager for the offering.