Xand Raises $200M For Northeast Data Center Finance

Colocation provider Xand raised its debt financing by a significant margin in order to pursue future acquisitions and data center expansion.

Level 3 Communications Making Moves Toward Profitability

On August 29, 2013 the Denver Post revealed the layoff of 700 Level 3 Communications (LVLT) employees across their global operation. The layoff represents a 6.6% reduction in their 10,600 global workforce. Level 3, based in Broomfield, CO, will lay off 150 of the 2,700 Colorado based employees. This current round of layoffs follows in … Read more

Data Center Maintenance Capital Expense Report

In May of 2013 an interesting event stirred up the long brewing subject of maintenance capital expenses for public data center companies. The catalyst was a presentation at the 2013 Sohn investment conference, in which a presenter questioned accounting practices regarding maintenance cap-ex. Read our WiredRE report on colocation data center maintenance cap-ex in the … Read more