APAC, hyperscale expansion, M&A, interconnection, edge nodes, subscale cloud
It was a busy week across the sector that saw significant data centre and hyperscale expansion activity in APAC, more from earnings season, M&A activity and some operators made some notable strategic decisions.
There was a significant amount of expansion activity coming out of APAC. STT GDC revealed plans to build in Seoul, Digital Realty formed a JV to build a facility in Israel, STACK partnered with Hickory in Australia, while Equinix brought online an xScale data centre in Sydney. Meanwhile, Equinix also acquired land in Mumbai, Gaw Capital acquired land in Ho Chi Minh City, Princeton Digital Group and Lendlease began construction of a campus in the Tokyo area and Sify Technologies revealed plans to expand its footprint across India.
On the cloud side, Oracle and Microsoft spun up an interconnection node in Singapore. And we tracked some interesting comments from Amazon about AWS Local Zones footprint.
Earnings season is winding down, but we take a look at Oracle’s results, which included data points on the Oracle Cloud business and NetApp disclosed results that speak to the direction of growth in the public cloud ecosystem. Meanwhile, Digital Ocean held its first Analyst Day and shared various interesting nuggets about the state of the business.
It was a quiet week in M&A and most of the transactions were on the cloud and hosting side. In Europe, KKR acquired German subscale provider Contabo and in the UK and Canada, CWCS and Fully Managed made acquisitions.
As the sector continues to evolve, operators are shifting strategies. Tencent Cloud confirmed that it would stop pursuing low-cost raw cloud computing deals and Digital Ocean revealed details at its Analyst Day about how it would zero in on the top cohorts within its large customer base.
The public markets continue to be home to bellwether companies. But the commentary around certain Internet infrastructure companies can often miss the mark. We look at some misguided thoughts from popular TV personality Jim Cramer that speak to how he just still does not get it.
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