Wednesday, November 3, 2021

Colt sells 12 colocation sites to AtlasEdge Data Centres.

Colt Data Centre Services (DCS) sold twelve of its colocation sites across Europe with AtlasEdge Data Centres. Financial terms were not disclosed.

Colt DCS said it is focused on building and developing larger hyperscale data centre sites across both the Europe and APAC regions, anchored by customers within large population centres. 

The twelve facilities included in this sale "were better suited for an operator such as AtlasEdge, which is exclusively focused on developing the emerging colocation market across Europe."

In line with Colt DCS’ capacity roadmap and land banking strategy the company has a number of sites due to be completed throughout the next couple of years, across Europe, India and Japan. This will see the organisation rapidly grow its portfolio with a combined total IT power capacity in excess of 450MW.

The AtlasEdge portfolio now encompasses data centers in key tier one and tier two markets across Europe, including Amsterdam, Barcelona, Berlin, Brussels, Copenhagen, Hamburg, London, Madrid, Milan, Paris and Zurich.  

Josh Joshi, AtlasEdge Executive Chairman, commented: “We are delighted to welcome these sites into our expanding portfolio. We are tapping into an exciting and emerging market where real time data traffic is growing and compute is gravitating to the edge of the network. As this demand builds, AtlasEdge is uniquely positioned to deliver seamless, localised and ultra-low latency digital infrastructure to our customers – from cloud providers to streaming services and enterprises. Our approach is open, carrier neutral and collaborative, and we look forward to working alongside Colt.” 

CityFibre milestone: 1 million homes passed

CityFibre reached a big milestone in its Full Fibre rollout across the UK: one million homes passed and "Ready For Service".

Residents served by the CityFibre network can now place an order with one of 30 of its consumer Internet Service Provider (ISP) partners and receive Gigabit-capable, symmetrical services in a matter of days.

The company said it is on track with its £4bn investment programme to reach up to 8 million homes by 2025 – approximately one third of the UK market. It is also in discussions with the Government to explore opportunities to support BDUK’s Project Gigabit programme to bring Full Fibre to rural communities across the country.

CityFibre currently has 26 construction companies mobilised and in build across over 60 towns and cities. It is currently the largest provider of Full Fibre lines in more than 25 locations. By the end of 2022, it plans to have builds underway across more than 150 cities, towns and villages before expanding to 285 by 2025.

Equinix hits revenue of $1.675B, 31 major projects underway

Equinix reported quarterly revenue of $1.675 billion, up 8% on a normalize dand constant currency basis compared to a year earlier and up 1% over the previous quarter. Net income was $152 million, a 123% increase over the previous quarter, primarily due to lower debt redemption costs and operating performance.

The company said record channel bookings accounted for more than 35% of total bookings, nearly 50% of enterprise bookings, and more than 60% of new customers in Q3.

Charles Meyers, President and CEO, Equinix:

"The pandemic has triggered an accelerated need to digitize business models in virtually every segment of the economy, and our strong Q3 results are reflective of this increasing demand for digital services. As the world's digital infrastructure company, Equinix remains uniquely positioned to help businesses as they shift towards distributed, hybrid and multicloud as the clear architecture of choice."

Some additional highlights:

  • Interconnection revenues continued to outpace colocation revenues in Q3 with total interconnections increasing to more than 414,000
  • Significant milestones in the quarter included closing the GPX India acquisition to enter the strategic market of India and expanding the xScale program with a new agreement to form a $575 million joint venture in Australia.
  • 11 major data center openings and expansions were delivered in Q3, including the key markets of Frankfurt, New York and Singapore.
  • 31 additional major projects are underway across 23 markets in 16 countries.

Qualcomm posts sales of $9.3B, up 12% yoy

Qualcomm reported revenue of $9.336 billion for its fourth quarter, ended 26-Sept-2021, up 12% compared to $8.346 billion for the same period a year earlier. Diluted earnings per share (EPS) amounted to $2.45, down 5% yoy. 

"As of fiscal 2021, we are exceeding our 2019 Analyst Day targets for revenue growth and diversification and operating margin expansion, while more than doubling our year-over-year Non-GAAP EPS,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “We are well positioned to continue to lead in mobile and enable the digital transformation of industries with our broad portfolio of relevant technologies. Our results across RF front-end, Automotive and IoT attest to the success of our technology roadmap and revenue diversification strategy."

The company noted that its combined RF front-end, automotive and IoT fiscal '21 revenues exceeded $10 billion, an increase of 69% year-over-year.

stc to deploy Infinera's ICE6 on submarine cables

stc will deploy Infinera’s ICE6 800G-capable technology on its submarine cable networks enabling new regional and international connectivity services in the Middle East.

This project will expand stc’s international network, using Infinera’s ICE6 800G-capable technology and GX Series Compact Modular Platform. These development projects will increase the capacity of the international network by 10-fold based on initial design capacity.

“With rapid increase in demand and the requirement to accelerate and strengthen connectivity between Kingdom of Saudi Arabia and Europe, Infinera’s 800G submarine network solution will enable us to meet the exponential growth of international connectivity while improving reliability,” said Mohammed A. Alabbadi, stc, Chief Wholesale Officer. “ICE6 will also enable the expansion and diversification of cloud services in the region and around the world, and this technology is ideal for our upcoming projects 2Africa and Saudi Vision Cable.”

“stc’s selection of Infinera’s GX Series Compact Modular Platform featuring ICE6 technology sets them up for success to meet growing bandwidth demands in the Middle East. ICE6 provides stc with the greatest spectral efficiency and best overall economics, which will enable stc to deliver on critical projects in the region,” said Nick Walden, Senior Vice President, Worldwide Sales, Infinera. “This initiative will pave the way for new and exciting digital opportunities throughout the Middle East.”

EKINOPS acquires SixSq for its edge computing SaaS

EKINOPS has acquired SixSq, a start-up based in Geneva, Switzerland that offers a software-as-a-service (SaaS) for edge computing. Financial terms were not disclosed.

The SixSq range comprises the marketplace, which hosts all types of business applications in container format, and the NuvlaBox software, which converts enterprise routers or other open hardware platforms capable of processing data, into smart edge systems.

The marketplace makes available to all NuvlaBoxes deployed in the field inside enterprises, all the applications it hosts in the Cloud, similar to the App Store or Play Store for consumers. 

“After enriching OneOS6 middleware with SD-WAN and SBC solutions, it is now possible to extend it to all types of applications through the integration of NuvlaBox into OneOS6 and access to the marketplace. The possibilities are infinite!” said Didier Brédy, CEO of Ekinops. “We are looking forward to presenting this opportunity to our telecom operator customers. It is a new way for them to monetize their presence at enterprise branch sites through our OneOS6 routers.”

“Our solution, already productized, offers a unique value proposition to various verticals such as industry, mass retail and telecoms. For us, joining Ekinops is an enormous accelerator,” said Marc-Elian Bégin,co-founder and CEO of SixSq.

Infinera posts Q3 revenue of $355.8 million

Infinera reported Q3 2021 GAAP revenue of $355.8 million compared to $338.2 million in the second quarter of 2021 and $340.2 million in the third quarter of 2020.

GAAP gross margin for the quarter was 33.2% compared to 35.6% in the second quarter of 2021 and 31.8% in the third quarter of 2020. Non-GAAP net loss for the quarter was $(3.0) million, or $(0.01) per share, compared to net loss of $(6.0) million, or $(0.03) per share, in the second quarter of 2021, and a net loss of $(0.8) million, or $(0.01) per share, in the third quarter of 2020.

Infinera CEO David Heard said, “Q3 was a strong quarter for us, with revenue coming in ahead of the mid-point of our outlook range and both non-GAAP gross margin and operating margin exceeding the high-end of our outlook range. We delivered these results against a challenging supply chain environment and ended the quarter with record backlog. The demand drivers fueling our business are robust and we remain focused on executing our strategy with an enhanced leadership team. Having refreshed our portfolio, we are ramping our ICE6 products and achieving greater market traction. Based on this foundation, I remain confident in our ability to deliver on our financial goals for 2021 and our longer-term target business model.”

Vantage Data Centers raises $530 million for refinancing

Vantage Data Centers raised US$530 million in securitized notes that will primarily be used to refinance the company’s Variable Funding Note (VFN) facility, which was used to facilitate the CA22 transaction in September 2021, as well as to fund general corporate needs. 

The notes are a five-year issuance (Series 2021-1) and are rated A- by Standard & Poor’s. They generally rank pari-passu with Vantage’s existing outstanding notes. The transaction was supported by DigitalBridge Investment Management, the investment management arm of Vantage’s majority stakeholder, DigitalBridge Group.

“This transaction marks Vantage’s seventh securitization financing since 2018 when we pioneered the use of this approach in the data center sector,” said Sharif Metwalli, Vantage’s chief financial officer. “We are faced with increasing demand for premiere hyperscale data centers that can be delivered quickly and sustainably. Our strong financial position enables us to continue our global expansion with favorable interest rates that not only reduce our overall costs but further strengthen our competitive position in the market. We appreciate DigitalBridge’s partnership throughout this process and their continued support to grow our business.”