A new tier III, 6,000 square ft. internet data centre has been launched by Tata Communications in Kolkata targeting the eastern Indian market which the company believes is relatively untapped. Although no investment level has been revealed, the move is part of the company's USD 2 billion investment plan over the next 3 years. The company has already acquired an anchor tenant for the new facility. Tata now operates 12 data centres across India, and a further facility is planned for Ambattor (Chennai).
Charlotte-based private-equity firm Frontier Capital has sold its stake in Peak 10 Inc. to McCarthy Capital Corp., a Nebraska manager of USD 500 million in private-equity assets and capital commitments. Frontier provides USD 5 million to USD 10 million per investment in companies throughout the Southeast and Mid-Atlantic regions. Peak 10 is a data centre operator and managed services provider which owns and operates facilities in nine markets. Its other major owner is private-equity firm Seaport Capital of New York.
Internet Villages International (IVI) has stated that is has secured USD 1 billion (GBP 600 million) in funding to build a 3 million square foot village to "deliver ecologically designed, modular, scalable, data centres for sustainable operation". The identity of the funding source remains undisclosed. In partnership with power and cooling solutions provider APC by Schneider, IVI will create the world's largest energy efficient and sustainable data farm to offer technology and infrastructure to companies.
Investment banking firm DH Capital has closed USD 48 million in senior credit facilities for IT services provider Cervalis from a group of commercial lending institutions. This follows on from a deal in April 2007 when DH Capital acted as financial advisor in closing USD 20 million in senior credit facilities for the firm. Cervalis will use the loan to finance the construction of a new data centre and business continuity facility in northern New Jersey, as well as to refinance existing debt.
Interxion, a leading European operator of carrier-neutral data centres, today announced its financial results for the first half of 2009.
2009 Highlights to date:
Revenue increased by 29% to 82.9 million (H1 2008: 64.4 million) Adjusted EBITDA increased by 34% to 29.8 million (H1 2008: 22.2 million) Adjusted EBITDA margins increased to 36.0% (H1 2008: 34.4%) Net profits increased by 49% to 14.1 million (H1 2008: 9.5 million)
South Africa based Teraco Data Environments (Pty) Limited, founded in 2007, and a carrier neutral colocation facility, has augmented its operating capital with a further R50-million (USD 6 million) in a successful Series-B round of financing, consisting of equity and loans. This follows on the conclusion of a Series-A financing round of R45-million in 2008. Series-A investors participated in this second round with one new investor, Guy Willner, co-founder and CEO of IXEurope (now Equinix Europe) who recently joined Teraco?s board.
A recent downgrading by Bank of America-Merrill Lynch, reduced South Africa's incumbent, Telkom, rating from neutral to underperform and follows on from the sale of its stake in Vodacom, and halting of many of its capital expenditure projects, while its Nigerian subsidiary, Multi-Links, expends cash.
Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global provider of managed IT infrastructure services, has reported its results for the quarter ended June 30, 2009. Terremark's results for the quarter were at the high-end of previously announced guidance with total revenues of $65.8 million and EBITDA, as adjusted, of $16.7 million.
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