Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
Mature Markets
Eurofiber closes $1.5bn refinancing, moves on to acquisitions and expansion
European access fiberoptic network and cloud infrastructure provider Eurofiber has completed the refinancing of its existing facilities with a consortium of Underwriters and Cornerstone Lenders committing Senior Debt Facilities of €1.5 billion (US$1.57 billion) at attractive terms. The facilit...
June 29
New transatlantic subsea cable moves into supplier tender stage
Nordic fibre player Bulk Fiber Networks and submarine cable planning, engineering, and implementation firm WFN Strategies have begun a system supplier tendering for the prospective Leif Erikson cable project. Planned route for the Leif Erikson Cable System. Source: Bulk Fiber Networks The Leif Erikson Cable System will consist of a 4,200 km direct link between southern N...
June 29
Digital Realty tops 1GW in green-certified data centre standards
US data centre REIT Digital Realty (NYSE: DLR) has published its fourth annual Environmental, Social and Governance (ESG) report. In the report, the group notes that it has become the first data centre operator to reach one gigawatt of IT capacity certified in accordance with sustainable building standards, after adding six new green building certifications in the U.S., U...
June 29
Switch Inc. sued over financial cover-up in $11bn data centre M&A
Nevada-based exascale data centre operator Switch, Inc. (NYSE: SWCH) has been accused by stockholders of not disclosing key financial information about a proposed US$11 billion business sale announced last March. Under the definitive purchase agreement, digital Infrastructure investor DigitalBridge Group, Inc. (NYSE: DBRG), through DigitalBridge Partners II, the value-added...
June 29
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