M&A, infrastructure funds, cloud-neutrality, wins
After a relative lull on the M&A side of things, activity picked up in the last week.
Two more telcos made strategic moves with infrastructure assets. Telefónica completed the sale of its data centre portfolio and Zayo Group was acquired by a partnership between communications and infrastructure investors Digital Colony and EQT Partners. Digital Colony’s recent acquisition of Cogeco Peer1, which like Zayo combines data centre, infrastructure along with fibre and connectivity, also closed in the past week. Meanwhile, down in APAC, a former operator is teaming up with an infrastructure fund to get back into the market.
Other data centre assets changed hands during a busy week. Lincoln Rackhouse acquired ByteGrid as it moved into third party data centre services and QTS picked up a pair of facilities in The Netherlands as it extends its footprint to Europe.
Post-acquisition, there will be plenty of work with all these very large deals. We are starting to these efforts accelerate from Evoque DCS, another infrastructure fund-backed spin-out. Evoque is not just planning to upgrade its footprint, but it is shifting to carrier- and cloud-neutrality.
The data centre market also saw some significant wins. Switch confirmed a wholesale deal with FedEx and Cyxtera revealed a new customer in London.
Finally, earnings season is in full swing. This past week we looked at the results coming from Equinix.
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