TGIF, here’s some quick takes from Cologix, Cross River, and Integra before the weekend starts:
Cologix added another contract win to its ledger this week with MICE. No, not the animal, the non-profit Midwest Internet Cooperative Exchange up in Minneapolis. Cologix just entered Minneapolis in May of this year with the purchase of the Minneapolis Gateway where MICE was already housed. This week’s deal extends and expands that relationship, which incluldes space, power, and connectivity.
Telx says that boutique dark fiber operator Cross River Fiber is building new ultra low-latency fiber into both of its Clifton facilities. The new routes will give them direct connectivity to financial exchanges in both Secaucus and Weehawken, and especially to the NYSE in Mahwah. Cross River has been making waves with new more direct routes in New Jersey since kicking off a year and a half or so ago.
Integra Telecom’s ownership picture shifted this week. Searchlight Capital Partners has acquired a significant equity stake in the company. They have agreed to aquire Goldman Sachs position in the company, hoping to take advantage of Integra’s shift toward fiber and larger enterprise customers. A bit of financial musical chairs perhaps, but it’s better for Integra to have owners of recent heritage when shifting gears.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!
Categories: CLEC · Datacenter · Metro fiber
Join Our LinkedIn Group
“Goldamn Sachs” ? haha – a bit of a Freudian slip of some kind?
No Freudian slip– Goldman Sachs really owned a position in Integra and Searchlight really bought it.