Oracle to open 12 new cloud data center regions worldwide

Oracle announced plans to significantly expand its cloud infrastructure footprint by opening 12 new data center regions worldwide. The company seeks to increase the breadth and depth of Oracle Cloud services available across Asia, Europe, and the Americas.

The regional expansion will include locations in Asia including China, India, Japan, Saudi Arabia, Singapore, and South Korea; Europe including Amsterdam and Switzerland; and North America including two in Canada and two new US locations to support U.S. Department of Defense workloads.

Oracle's portfolio includes the breadth of cloud services (SaaS, PaaS, and IaaS) and new services in security, Blockchain, and Artificial Intelligence.

“The future of IT is autonomous. With our expanded, modern data centers, Oracle is uniquely suited to deliver the most autonomous technologies in the world,” said Oracle CEO Mark Hurd. “As we invest, our margins will continue to expand. And with our global datacenter expansion, we are able to help customers lower IT costs, mitigate risks and compete like they never have before.”

In addition, Oracle announced the industry’s first end-to-end financially backed cloud warranty for Infrastructure-as-a-Service (IaaS). Oracle said it is now the only cloud infrastructure provider offering guaranteed service levels across performance, manageability, and availability: the three key characteristics defining how enterprises measure cloud infrastructure providers. Under terms of the new performance SLA, Oracle Cloud Infrastructure guarantees it will deliver more than 90 percent of published performance every day in a given month. If it falls below that level for even as few as 44 minutes a month, customers may claim service credits according to Oracle’s terms of service.

“No cloud provider in the world can match what Oracle guarantees,” said Thomas Kurian, President of Product Development, Oracle. “Our competitors offer narrow commitments and countless exclusions in fine print while Oracle’s SLAs deliver an industry first: guaranteed performance, manageability and availability in the cloud.”

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Orange to test 5G Fixed with Cisco and Samsung

Orange is planning to launch a 5G millimeter wave trial in the second half of 2018 in Romania. Cisco and Samsung Electronics have been selected to participate.

Orange is believed to be the first operator to conduct a multi-vendor 5G fixed wireless access (FWA) customer trial in Europe.

 Samsung will provide commercial 5G home routers (indoor and outdoor customer-premises equipment (CPE)), 5G Radio Access Units (RAN) comprised of a compact radio base station and virtualized RAN elements, as well as 5G radio frequency planning services. Cisco will supply its Cisco Ultra Gateway Platform, delivering a 5G virtual packet core on top of Cisco NFV Infrastructure. The mobile gateway will be deployed with Control and User Plane Separation (CUPS) for enhanced throughput and flexibility.

“Together with Samsung and Cisco, we are joining forces to drive the development of 5G and prepare for its progressive roll-out starting 2020,” said Arnaud Vamparys, senior vice president, Radio Networks and Microwaves, Orange. “This trial will demonstrate how FWA, NFV and multi-vendor interoperability create new opportunities and gives us flexibility to build our next-generation network as a multi-service network.”

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Citrix acquires Cedexis for application delivery service for multiclouds

Citrix Systems has acquired Cedexis, a start-up that offers a real-time, data-driven service for dynamically optimizing the flow of traffic across public clouds, data centers, CDNs, and ISPs. Financial terms were not disclosed.

Cedexis, which is based in Portland, Oregon, delivers real-time insight into network performance. This enables intelligent traffic steering for applications in multi-cloud environments.

“Citrix and Cedexis are a natural combination. We see tremendous value for our customers and partners, along with significant growth potential for our solutions,” said Ryan Windham, CEO of Cedexis. “Citrix is the clear leader in software-defined networking that helps IT adopt and manage complex cloud environments. It makes sense to combine our offerings into a comprehensive secure digital perimeter approach, which unifies and delivers the apps, data and services people need to be productive.”

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United Airlines picks ViaSat for Ka-band in-flight connectivity

United Airlines awarded a contract to ViaSat to bring its latest generation in-flight entertainment and connectivity (IFEC) system to more than 70 aircraft, including at least 58 of United's new Boeing 737MAX aircraft. Financial terms were not disclosed.

The service will be delivered over Viasat's advanced high-capacity Ka-band satellite system, which will include the ViaSat-1, ViaSat-2 and ViaSat-3 satellite platforms.

Viasat's IFEC system will also power United's Private Screening entertainment option, which offers customers access to hundreds of entertainment titles from its onboard library direct to their own devices.

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NEC develops digital beamforming for 5G in 28GHZ band

NEC has successfully tested a new digital beamforming transmission method that uses a massive-element active antenna base station and 28 GHz band spectrum.

The demo is described as the simultaneous beamforming transmission (four multi-user MIMO) from a single massive-element active antenna system (AAS) to four terminals.  NEC achieved a 3.1 Gbps cell throughput by applying a frequency bandwidth of 300 MHz.
　
NEC said its massive-element AAS, supporting a 28 GHz band, adopts a fully digital control system, which improves the precision of beamforming. The fully digital control system enables simultaneous beamforming in multiple directions from a single massive-element AAS unit and efficiently implements high-speed and high-capacity communication without interfering with adjacent users through spatial multiplexing.

The beamforming takes into account multipath, a non-direct wave signal, and moderately adjusts beam directions as needed. It also cancels out interference through multipath and reduces performance deterioration caused by inter-cell interference.

NEC enables its advanced beamforming without digital/analog signal and frequency converters. Instead, the massive-element AAS adopts a fully digital control system with less power and more compact conversion functions.

"In order to effectively implement sophisticated services that apply 5G features from 2020 onward, it is essential to utilize 28 GHz and other high frequency radio bands, which enable the securing of wide bandwidth, and the utilization of beamforming," said Katsumi Tanoue, Deputy General Manager, Wireless Access Solution Division, NEC Corporation. "Moving forward, NEC will continue its efforts in development and demonstration tests for a massive-element active antenna base station system that delivers high speed, high capacity and massive connectivity."

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Viavi supplies 5G test equipment to China Mobile

VIAVI Solutions is supplying 5G test and measurement solutions to China Mobile, which aims to introduce 5G service in China by the end of 2019. VIAVI said it is a preferred vendor of China Mobile, supporting their specific technologies and aggressive roadmap with advanced test solutions. These include Slicing Packet Network (SPN) with FlexE interface, the technology the carrier is positioning for 5G transport.

Viavi said CMCC has determined that Slicing Packet Network (SPN) is an optimal technology to support next-generation architecture, bandwidth, traffic model, network slicing, latency and time synchronization. Flexible Ethernet or FlexE is used in conjunction with SPN to create smaller Ethernet channels from a larger one, or vice versa, to guarantee quality of service (QoS) and isolation between slices at the transport layer. CMCC has requested that the ITU undertake standardization of SPN. VIAVI is committing to support CMCC by delivering an SPN test platform, establishing a common foundation for network equipment manufacturers, chip developers and transceiver vendors to validate products based on this technology.

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Combining Ride Hailing, Smart Cities, and Networking – part 1

Preamble: The world’s largest ride-hailing service is integrating its “DiDi Smart Transportation Brain” with the traffic planning authority in Beijing and other major Chinese cities to optimize the routing of its vehicles and lessen urban congestion. The AI system will pull data from traffic sensors and connected vehicles in a massive network application that will require the most advanced mobile and backhaul network.

On an average day, DiDi Chuxing, the ride-hailing service that acquired Uber China in August 2016, is enabling up to 25 million rides. Its app has been downloaded more than 450 million times. By the company’s reckoning, this makes it the world’s leading mobile transportation platform. There are over 21 million drivers in China signed up for DiDi and by some estimates, 80% of taxi fares in the big cities are now booked via its app.

DiDi has moved well beyond basic car rides. Its app now lets the user pick from a range of transportation options: Taxi, Express, Premier, Luxe, Hitch, Bus, Minibus, Designated Driving, Car Rental, Enterprise Solutions and even Bike-Sharing though the ubiquitous bluegogo brand. Hiring a bike on a short-term basis no longer requires a deposit –just the DiDi app and a valid user account. DiDi is now a simple and cashless way of travelling through China’s municipalities.

Business is booming too for Uber.  However, Uber and to some extent Lyft often finds itself in contentious relationships with the communities it serves. In the UK, Uber is beset by numerous legal and social difficulties. In September, Transport for London, stripped Uber of its license, accusing the company of being “unfit to operate.”  Last week, a protest against Uber by London black cab drivers caused gridlock across the city. Other municipalities are taking action as well. The City of York is the third British municipality that has acted to strip Uber of its license. In the EU, a recent ruling from the European court of justice (ECJ) has determined that Uber is a taxi operator and not an information service, requiring it to accept stricter regulation and licensing terms.  Even in its home market, Uber faces a slew of lawsuits from investors, ex-employees, customers and cities for a list of management missteps, improprieties, questionable business practices, data breaches and possibly criminal behaviour.

In contrast, DiDi Chuxing enjoys the implied endorsement of the Chinese government and the investment of all three of China’s Internet giants – Alibaba, Baidu, and Tencent – as well as Apple and dozens of other high-profile investors. Better yet, there is a regulatory framework for the company to grow.  In July 2016, China became the first country to officially legalize ridesharing. This came about when seven of China's ministries, including the Ministry of Transport, jointly published "Preliminary Rules on the Management of Online Car-Booking".

DiDi Chuxing, which is headquartered in Beijing, was founded in 2012 by Cheng Wei, a former employee of Alibaba. The company’s inception came approximately three years after Garrett Camp and Travis Kalanick established Uber, but in many ways, its brief life as a business has been just as eventful and even more meteoric.

From the outset, there were local rivals backed by various tech giants and a series of price wars. There were also protests by established taxi companies and their drivers. To gain size and stature, a merger with the biggest rival was necessary, followed by the acquisition of Uber China in August 2016, a deal that some called a forced marriage and others a marriage of convenience. (Uber retained a 5.89% interest in DiDi Chuxing, while DiDi Chuxing also got a minority interest in Uber Global).  The deal effectively consolidated the market in China, leaving this one big player and a much simpler regulatory job for government authorities.

DiDi Chuxing recent milestones
• Completed 7.43 billion rides in 2017. Launched accessible vehicles services with UNDP for disadvantaged people.
• Established a partnership with Stanford Artificial Intelligence Laboratory.
• Started new joint venture projects to build EV charging networks.
• DiDi Labs opens new campus in Mountain View.
• Adopted Apple Pay as a new payment method
• Announced a strategic partnership with Taxify, a rideshare leader in Europe and Africa.
• Announced a strategic partnership with Careem, the leading ride-hailing and internet platform in the Middle East and North Africa.
• Released DiDi's first open source software, VirtualAPK, a flexible, lightweight and powerful plug-in framework for Android.
• Closed over USD 5.5 billion financing round to support global strategy and technology investments.
• Signed new Smart Transportation partnership with Shenzhen, after Tianjin, Nanjing and Shenyang.
• Launched an overseas car rental service

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Quantenna posts Q4 revenue of $41.3m, up 10% yoy

Quantenna Communications, which supplies high-performance Wi-Fi silicon, posted Q4 revenue of $41.275 million, up 10% year-over-year. Full-year 2017 revenue to $176.4 million, representing year-over-year growth of 37%

Q4 net income (NonGAAP) was $455,000or $0.01 per share.

Fourth quarter GAAP gross margin of 51.6% compared to 51.5% in the fourth quarter of fiscal year 2016.

“Overall, 2017 was a very successful year as we posted 37% year-over-year revenue growth. We are pleased to report that our key cable MSO customer has initiated a nationwide rollout of a gateway solution using our industry leading Wave 3 10G technology. We enter 2018 excited about the opportunities in front of us and believe we are well positioned to extend our Wave 2 market opportunities and garner incremental Wave 3 10G designs,” remarked Dr. Sam Heidari, Chairman and Chief Executive Officer.

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Ericsson says 5G RAN software will be ready by Q4

Ericsson announced that its 5G Radio Access Network (RAN) software, based on the recently approved first 3GPP 5G New Radio (NR) standard, will be commercially available by Q4 2018, paving the way for operators to launch commercial services in 2019. The 5G radio network software complements Ericsson’s already launched baseband and 5G radios. The company says all of the base radios from the Ericsson Radio System delivered since 2015 will be 5G NR-capable by a remote software installation.

Ericsson’s 5G radio network software promises multi-band support for global deployment and will allow operators to use new frequency spectrum as it becomes available. It also introduces a new category of radio products called Street Macro – a new site type that addresses the need of operators to grow in cities with limited available radio locations. The idea is to place radios on building facades with a smaller footprint but the necessary strength to secure network efficiency and coverage. Ericsson is also adding new radios with Massive MIMO technology.

Ericsson also announced enhancements to its Distributed Cloud architecture, which support cloud application deployment across multiple sites - central, distributed, and edge. The design can be managed, orchestrated, and perceived as one solution in what the company calls "Software Defined Infrastructure (SDI) to the edge". In addition, the Ericsson Distributed Cloud will add support for hardware options in a multi-vendor framework.

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks at Ericsson, says: “Operators who want to be early with 5G now have the essential pieces for launching 5G networks already this year. With our expanded platform, they will get more efficient networks as well as opportunities to create new revenues from emerging consumer and industrial use cases.”

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Switch backs Gigawatt Nevada -- largest solar project in U.S.

Plans were unveiled for Gigawatt Nevada, an initiative to build the single largest solar project portfolio in the United States, by Switch and Capital Dynamics.

Switch is a leading co-location data center operator with massive facilities in Nevada including its flagship campus in Las Vegas and a new campus in Reno. The company also has a marquee data center in Grand Rapids, Michigan and is building another regional data center in Atlanta.

The Gigawatt 1 assets will be owned and developed by Capital Dynamics, the second largest owner of solar projects in the country.  Gigawatt 1 anchor tenants will include Switch and several of its Switch CORE client. The project is negotiating with multiple private and public sector access customers within Nevada and outside the state.

Gigawatt 1 is projecting energy costs substantially less than the renewable energy from NV Energy (Nevada Power).


“The foundation of Gigawatt Nevada is that Nevada should harness the sun the same way Alaska harnesses its oil to significantly benefit all Nevadans,” Rob Roy said.  “Nevada enjoys the best solar window in the nation and so we Nevadans should not only be using solar for ourselves, but exporting it throughout the Western U.S. to create new jobs, tax revenue, economic diversification, and raise energy independence.”

“Climate scientists have repeatedly warned that we must move to renewable energy as rapidly as possible, but many monopoly utilities continue to hold us back from making this transition,” said Gary Cook, Senior IT Sector Analyst and Energy Campaigner at Greenpeace.  “Gigawatt 1 shows that when Switch and other leading companies don’t take ‘no’ for an answer, they can work together and kick open the door to large-scale sources of renewable energy that are better for the planet, and better for the economy in Nevada.”

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Russia's Rostelecom picks ZTE for Access Network Upgrade Project

ZTE clinched a 70% share of the first stage of  Rostelecom's the access network modernization project.

ZTE's Multi-Service Access Network (MSAN) product delivers VDSL. Rostelcom is currently testing G.vectoring and G.fast for deployment in a second stage of its upgrade project.

ZTE noted that its access products are equipped with lithium batteries to endure the harsh outdoor environments in Rostelcom's territory, including extreme low-temperature. Its customized outdoor cabinets are cold-resistant, water-proof, moisture-resistant and dust-proof.

Rostelecom is Russia's leading broadband and pay-TV provider with over 12.7 million fixed-line broadband subscribers and over 9.7 million pay-TV subscribers, over 4.7 million of which are subscribed to its IPTV service.

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Intel flies Shooting Star drones at PyeongChang Opening Ceremony

The spectacular light show at the Olympic Winter Games PyeongChang 2018 Opening Ceremony featured a new line of "Shooting Star" drones from Intel. The performance featured 1,200 drones flying in tandem, a new record for performance drones. The fleet of drones is controlled by one pilot.

Intel designed and developed custom animations for the opening ceremony and nightly victory ceremony performances, which include animations of different sports and various Olympic-related logos including the formation of the iconic Olympic rings.

“The Olympics are a time when the sports and entertainment industries are buzzing with record-setting performances, so it was the perfect stage for Intel Shooting Star drones and our team to set their own kind of record,” said Natalie Cheung, general manager of Intel’s drone light show team.

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Siemens to acquire Finland's Sarokal for 5G test

Siemens agreed to acquire Sarokal Test Systems Oy, a provider of innovative test solutions for fronthaul networks. Financial terms were not disclosed.

Sarokal, which is based in Oulu, Finland, supplies its test solutions to chipset vendors, fronthaul equipment manufacturers, and telecom operators to develop, test and verify their 4G and 5G network devices from the early design stages through implementation and field-testing.

Sarokal's products are used to test transmission specifications across multiple domains. Its tester product family addresses the entire development and maintenance flow for cellular and wired transmission system testing. The technology is especially designed to detect radio frequency (RF) problems. With Sarokal's foresight into the requirements of 5G testing, their testing models were created from the beginning for both the virtual (digitalization) environment as well as the physical testing environment.

"The planned acquisition of Sarokal reinforces our ongoing commitment to EDA and the IC industry," said Tony Hemmelgarn, president and CEO of Siemens PLM Software. "Building on our acquisition of Mentor Graphics, we continue to make strategic investments which leverage Mentor's existing strengths and enable Siemens to expand its offerings to the IC industry."

"Sarokal has been on the forefront of the development of the 5G specification and its requirements for fronthaul networks since its inception. The 5G specification aims to greatly enhance performance for mobile broadband, network operation and Internet of Things (IoT) communication, and this requires new test methodologies," said Harri Valasma, CEO at Sarokal. "Becoming part of Siemens and integrating our technology into the Veloce emulation platform will give us greater visibility into early customer adoption of 5G, which can help us maintain our leadership as this segment is forecasted to grow rapidly."

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Broadcom's CEO seeks Qualcomm meeting

Broadcom's CEO Hock Tan published an open letter to Dr. Paul E. Jacobs, Executive Chairman of Qualcomm, seeking an urgent meeting to discuss Qualcomm's decision to reject the latest acquisition bid from Broadcom.

Mr. Tan reiterated that $82 per Qualcomm share is a "best and final offer" but said the agreement is highly favorable to Qualcomm and its stockholders and includes an $8 billion regulatory reverse termination fee and a 6% per annum regulatory ticking fee on the cash portion of the merger consideration (net of dividends). 

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AT&T completes FiberTower acquisition

AT&T completed its previously announced acquisition of FiberTower Corporation for $207 million.

Under the deal, AT&T gains a significant footprint in the 39 GHz band, with average holdings of more than 375 MHz in the top 100 markets.

This millimeter wave spectrum paves the way for AT&T to begin the rollout of mobile 5G services.

AT&T to Acquire FiberTower for 24 and 39 GHz Spectrum

Wednesday, February 01, 2017  ATT, FiberTower, Mergers And Acquisitions, Spectrum  No Comments

AT&T confirmed its intention to acquire FiberTower, a privately-held company that holds an extensive spectrum footprint in 24 GHz and 39 GHz bands. Financial terms were not disclosed.

At the AT&T Innovation Summit in San Francisco, John Donovan, Chief Strategy Officer and Group President at AT&T, said the acquired spectrum assets will have advance the company's 5G plans.

http://www.att.com
http://www.fibertower.com

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Qualcomm builds up 5G momentum with design wins, trials

The major pieces are falling into place for the wide-scale rollout of 5G networks beginning in 2019. according to Qualcomm executives at a media event in San Diego ahead of the upcoming Mobile World Congress.

For the 5G launch to be successful, all of the following would have to be commercially ready: we standards, silicon, network infrastructure deployment, available spectrum, a choice of consumer devices, and viable use cases sustained by business models.

Qualcomm said the industry has made progress in each of these areas, setting the stage for what should be a strong rollout of 5G by a number of mobile operators. This week Qualcomm is announcing:

5G design wins with device manufacturers -- there is a growing list of leading global OEMs choosing the Qualcomm Snapdragon X50 5G NR modem family for standard-compliant 5G NR mobile device product launches starting in 2019. These 5G mobile devices will be for the sub-6 GHz and millimeter wave (mmWave) spectrum bands. Brands committing to the Snapdragon X50 5G NR modem include: Asus, Fujitsu Limited, Fujitsu Connected Technologies Limited, HMD Global – the home of Nokia phones, HTC, Inseego/Novatel Wireless, LG, NetComm Wireless, NETGEAR, OPPO, Sharp, Sierra Wireless, Sony Mobile, Telit, vivo, Wingtech, WNC, Xiaomi and ZTE.

5G NR Trials with mobile operators --  Qualcomm® Snapdragon™ X50 5G modem has been selected for use in live, over-the-air mobile 5G NR trials with multiple global wireless network operators in both the sub-6 GHz and millimeter wave (mmWave) spectrum bands. AT&T, British Telecom, China Telecom, China Mobile, China Unicom, Deutsche Telekom, KDDI, KT Corporation, LG Uplus, NTT DOCOMO, Orange, Singtel, SK Telecom, Sprint, Telstra, TIM, Verizon and Vodafone Group will conduct the trials, which will be based on the 3GPP Release 15 5G NR standard.

Use cases -- 5G use cases include enhanced mobile broadband to smartphones; Always Connected PCs; head-mounted displays (HMD) for virtual reality (VR), augmented reality (AR) and extended reality (XR); and Mobile Broadband, all of which require constant and consistent cloud connectivity.

"2018 will be a big year for Qualcomm Technologies and the mobile industry overall as we work to execute on the agreed upon 5G NR specification,” said Cristiano Amon, president, Qualcomm Incorporated.

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Qualcomm rejects Broadcom's latest offer

The Board of Directors of Qualcomm unanimously rejected the latest bid from Broadcom posted -5-February-2018, saying the offer of $82.00 per share ($60.00 in cash and $22.00 in Broadcom stock) significantly undervalues the company and poses regulatory risks.

In an open letter to Mr. Hock Tan, Broadcom's CEO, the directors of Qualcomm point out that the offer "ascribes no value to our accretive NXP acquisition, no value for the expected resolution of our current licensing disputes and no value for the significant opportunity in 5G."

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AT&T commits to 520 MW of wind power

AT&T announced one of the largest corporate purchases of renewal energy in the U.S. to date.  The carrier agreed to purchase 520 megawatts (MW) of wind power through 2 agreements with subsidiaries of NextEra Energy Resources:

• 220 MW of power will come from the Minco V Wind Farm located in Caddo County, Oklahoma. 
• 300 MW will come from a wind farm in Webb and Duval Counties in Texas. 

AT&T also announced its commitment to the Corporate Renewable Energy Buyers’ Principles. The group is led by the World Wildlife Fund (WWF) and is made up of large energy buyers working to spur progress on renewable energy and fulfill their increased demand for it. AT&T is also a member of the Business Renewables Center, an initiative that, along with the Buyers’ Principles, forms part of the Renewable Energy Buyers Alliance.

“As one of the world’s largest companies, we know how we source our energy is important,” said Scott Mair, President, AT&T Operations. “Many companies are focused on their own carbon footprint but we believe our industry can do more. We’ve been working for a long time to ensure our wind projects deliver for both our business and the environment. We will continue to explore renewable energy solutions to help create a better, more sustainable world.”

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T-Mobile U.S. revenues up 8.3% to $30.2 billion in 2017

T-Mobile U.S. revenues in Q4 2017 rose 5.1% to $10.8 billion. For full year 2017, revenues were up 8.3% to $40.6 billion. Net income was $2.7 billion and $4.5 billion in Q4 2017 and 2017, respectively
Diluted earnings per share ("EPS") of $3.11 and $5.20 in Q4 2017 and 2017, respectively.

Some key metrics:

• 1.9 million total net additions in Q4 2017 - 5.7 million in 2017
• 1.1 million total branded postpaid net additions in Q4 2017 - 3.6 million in 2017
• 891,000 branded postpaid phone net additions in Q4 2017 - 2.8 million in 2017
• 149,000 branded prepaid net additions in Q4 2017 - 855,000 in 2017
• 1.18% postpaid phone churn in Q4 2017, down 10 bps year-over-year - 1.18% in 2017, down 12 bps from 2016
• T-Mobile covered 322 million people with 4G LTE at the end of 2017 - targeting 325 million people across 2.5 million square miles by the end of 2018
• first U.S. carrier to exceed 30 Mbps average download speed
• Aggressive deployment activity of 600 MHz in 2017, accelerated pace anticipated for 2018
• 2,800 new stores opened in 2017, including nearly 1,500 new T-Mobile and over 1,300 net new MetroPCS

"Wow - what a way to cap off 2017! Record financial results across the board and over 5 million customers added for the fourth year in a row," said John Legere, President and CEO of T-Mobile. "We made incredible progress in 2017 building out our network and retail footprint to set ourselves up for future growth. Our business is clearly firing on all cylinders and our strong guidance for 2018 shows that we have no plans of letting up!"

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CoreSite's data center business continues to grow, up 14% in Q4

CoreSite Realty reported Q4 2017 revenue of $125.9 million, representing a 14.0% increase year over year. Reported fourth-quarter net income per diluted share of $0.44, consistent with the prior-year level.

During Q4, CoreSite executed 128 new and expansion data center leases comprising 41,521 net rentable square feet (NRSF), representing $7.2 million of annualized GAAP rent at an average rate of $174 per square foot. The company also commenced 52,221 NRSF of new and expansion leases representing $8.2 million of annualized GAAP rent at an average rate of $157 per square foot.

“We finished out the year with solid results, highlighted by fourth-quarter revenue, adjusted EBITDA and FFO growth, before the one-time Preferred Stock redemption charge, of 14%, 13%, and 11%, year over year, respectively,” said Paul Szurek, CoreSite’s Chief Executive Officer. “Organic growth was driven primarily by the continued expansion of existing customers across the portfolio and also by new logo growth as we continue to attract valuable deployments to our facilities, driving interactions and interconnections among our customers. When looking at 2017 in its entirety, we executed well on our strategic priorities and took important steps to grow our differentiated scalable and flexible campus strategy in key markets, including Santa Clara, Northern Virginia, Los Angeles, and most recently, Chicago.”

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