I’ve been on the road most of the past two weeks, but should be back home tomorrow. But the news does go on and here is a set of quick takes from some interesting items from yesterday:
The Detroit Internet Exchange is putting some new gear to work in order to meet demand for interconnection with some help from its host, 123Net. They have now deployed an Arista DCS-7504 N switch to drive the service, increasing its capacity to as much as 15Tbps. The upgrade will enable DET-IX to handle traffic growth on its four-year-old platform.
Netrality has added a key cloud interconnection option to its portfolio. Amazon AWS Direct Connect is now available at 1102 Grand in Kansas City, something they already had in place at 401 N Broad in Philadelphia. Enterprises in Kansas City and the surrounding markets will henceforth have a more direct and reliable path to the cloud.
365 Data Centers has unveiled a new product aimed at the enterprise space this week. They have leveraged technology from Veeam, becoming a silver VCSP, to offer Backup-as-a-Service across the company’s US footprint. 365DC has spent the last quarter or two adding muscle to its management team as the company’s new owners seek to expand the company’s growth potential.
And Cogent Communications is dipping back into the debt markets this month. Yesterday they announced plans to sell $70M more of the company’s $5.375 Senior Secured Notes due 2022. They plan to use the proceeds for general corporate purposes and, as always, to pay out dividends and buy back stock as the network operator has been doing steadily with its excess cash for years now.
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Categories: Datacenter · Fiber Networks · Financials · Interconnection
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I’ll never understand taking out loans to pay dividends or buy back stock. It seems like a ridiculous waste of money.