Time to close out the week with a quick look at the rest of this week’s news in telecom and internet infrastructure:
Western regional CLEC and fiber operator Integra Telecom (news, filings) stayed on the offensive, although not on the fiber side of things this time. They are have taken their voice services national, allowing them to deploy SIP trumking and centralized PBX services far outside their fiber footprint. It’s another piece of the puzzle for Integra, which has been reorienting itself toward larger enterprises – some of which of course need to serve offices elsewhere in the country.
gtlt added a new customer yesterday for its high performance IP connectivity services. Sunset Digital, which offers FTTX services in rural western Virginia and northeastern Tennessee, will be using the connectivity to help deliver Tier-1 bandwidth from Atlanta etc. Meanwhile, GTT adds a relationship that will allow them to take advantage of those additional endpoints.
Over in Europe, Colt Group (LON:COLT, news) announced that Shurgard Self-Storage has deployed its enterprise UC solution across some 200 sites. The increased efficiency led to 50% more inbound calls being answered, which in turn became organic growth to the tune of €5M. Shurgard was already a Colt customer for managed MPLS services, and that infrastructure is now carrying voice as well. Looks like a nice example of how UC can live up to the hype.
And finally, zColo, the colocation and interconnection arm of Zayo Group (news, filings) added yet another facility to its growing footprint. They are moving into 600 South Federal in Chicago, where they will be offering 8,500 sellable square feet at up to 200 watts per square foot. They expect to be online by the end of the second quarter. It’s their thirteenth facility and the second new location already this year, as zColo recently bought MarquisNet’s facility in Las Vegas a few weeks ago.
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Categories: CLEC · Metro fiber · VoIP
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Anyone have an opinion on Colt’s multiple disparity?
Other than the voice/IT mix, why does it sell in the market place for 2.5x ev/ebitda(vs. Yellow Pages y’day that sold for 2x ebitda as they see revs & ebitda decline 16% & 26% respectively). Let’s say its 52% IP/Data was the only component of ebitda so you are roughly looking at a 5x multiple. Why would that pure play IP company be worth below let’s call it a 40% discount to L3/TWT or even a material discount to the WIN & Cable company multiples.
Just looking for your list of reasons bc I don’t think I have ever come across a satisfactory answer. What about Europe’s competitive landscape makes it so unattractive for this business model?