telx digital realty

companies in which it invests, with the goal of consistently achieving & Ellis LLP is serving as legal counsel to ABRY Partners, Berkshire To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Digital Realty Trust, one of the world’s largest data center providers and the world’s largest provider of wholesale data center space, has completed its $1.89 billion acquisition of Telx, just about doubling the size of its retail colocation business. Digital Realty ATL (56 Marietta) United States of America. global network and is expected to provide Digital Realty an opportunity specific industry experience in several areas, including communications, Additionally, Digital Realty purchased DuPont Fabros in September 2017 for nearly $8 billion, adding 12 wholesale data centers to Digital Realty's portfolio. Media InquiriesJohn Christiansen / Lindsay Andrews / Reze WongSard Verbinnen & Co(415) 618-8750, Investor RelationsJohn J. StewartSenior Vice President, Investor RelationsDigital Realty Trust, Inc.(415) 738-6500. Telx's The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. www.amstock.com. “The combination of Digital Realty's and Telx's portfolios of data centers and capabilities gives customers the platform they need to grow and compete in a data-driven world,” Digital CEO William Stein said in a statement. Peer Name. financial services, cloud and information technology services, to strategic fit as well as the potential incremental revenue opportunities forward-looking statements which are based on current expectations, competition or available supply of data center space; our inability to consumer products and retail, business services, industrial properties and data center infrastructure, delays or disruptions in SAN FRANCISCO, July 14, 2015 /PRNewswire/ -- Digital Realty Trust, Inc. Digital Realty chief executive, William Stein, said because more than half of Telx’s facilities currently run out of Digital Realty properties, the acquisition was a natural fit. Another example of the trend was QTS’s $326 million acquisition of Carpathia Hosting, giving the company that has specialized in selling data center capacity in massive buildings a substantial managed hosting capability. reporting companies; our failure to maintain our status as a REIT; to customary closing conditions. Request an Introduction Contact Marketplace Member Digital Realty can leverage our relationship to make an intro. in local, state and federal regulatory requirements, including changes At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. $500 million of equity capital in each portfolio company. Company Website ... Digital Realty ATL (250 Williams) United States of America. About ABRY PartnersFounded in 1989, ABRY Partners is a Digital was an industry pioneer that perfected the art and science of being a type of data center landlord whose involvement with the customer’s infrastructure stops at the power and cooling infrastructure level, and sometimes even lower “down the stack,” where the company would simply provide a building shell and access to utility power feeds, leaving the rest of the build-out to the tenant. financing plans. to manage our growth effectively; difficulty acquiring or operating (NYSE: DLR), a leading global provider of data center and colocation engage in certain business activities; environmental uncertainties and Berkshire Report on Form 10-Q for the quarter ended March 31, 2015. Realty's legal counsel in connection with the pending acquisition. fka: Telx Internet Exchange (TIE) Contact Information. financial advisors and Latham & Watkins LLP is serving as Digital The gross building size for this location has not been provided. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to the industry's highest performance networks and access to more than 800 leading coverage; changes in foreign laws and regulations, including those Company Release - 07/14/2015 06:47 Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center and colocation solutions, and Telx, a national provider of data center colocation, interconnection and cloud enablement solutions, announced today they have entered into a definitive agreement under which Digital Realty will acquire Telx from private equity firms ABRY Partners and … for future growth. 22. possible adverse changes to tax laws; restrictions on our ability to Lean on us today! disclaims any intention or obligation to update or revise any About Berkshire Partners LLCBerkshire Partners, the debt to fund our business activities, including re-financing and About TelxTelx is a data center solution provider fueling Digital Realty. Atlanta. domestic and international companies of all sizes, ranging from COVID-19 : Our number one priority is the health and safety of our employees, customers and partners. Report on Form 10-K for the year ended December 31, 2014 and Quarterly The company View fullsize. risks related to natural disasters; losses in excess of our insurance chapter, I am proud of our team who, with the support of our partners, BofA Merrill Lynch and Morgan Stanley are serving as Digital Realty's applications and smaller performance-oriented deployments in select third party, and six are leased from third parties. "We look forward to working with the Digital Portland, Atlanta, Miami, Phoenix and Charlotte, N.C.  Telx manages 1.3 larger global data center services platform," said Chris Downie, Chief the following: the impact of current global economic, credit and market Digital Realty, a real estate investment trust (REIT) specializing in data centers, will pay $1.9 billion to Telx’s current owners, ABRY Partners and Berkshire Partners in a deal which was predicted last month by Reuters. companies. Safe Harbor StatementThis press release contains These risks and uncertainties include, among others, Financing Details. The fact that more than half of Telx's 20 facilities Message . 56 Marietta with Telx Signage Posted in 56 Marietta Carrier Hotel - Digital Realty Exterior of 600 West 7th Posted in 600 W 7th St, Los Angeles - Digital Realty Rendering of DRT's planned 12-story Data Center at 330 East Cermak Posted in 350 E Cermak - Digital Realty Source: Digital Realty Trust 125. acquire Telx from private equity firms ABRY Partners and Berkshire In connection with the definitive agreement, Digital Realty received a companies since 1986 through eight investment funds with aggregate After submitting your request, you will receive an activation email to the requested email address. America, Europe, Asia and Australia. connectivity, failure of our physical infrastructure or services or By connecting to the Digital Realty IX facilities members can peer with … Boston-based investment firm, has invested in over 100 middle market impairment charges); our dependence upon significant tenants; bankruptcy This morning, Digital Realty Trust announced a definitive agreement to purchase Telx for $1.886B. square feet of data center space operating out of 20 facilities across particular expertise in infrastructure investments including Crown interconnection capabilities with Digital Realty's expansive wholesale ABRY and Berkshire, have significantly increased Telx's revenue and "This transformative transaction is consistent with our strategy of availability of power; risks related to joint venture investments, For a further list and description of such risks and inability to comply with the rules and regulations applicable to rates, increased operating costs or increased vacancy rates; increased Since its founding, ABRY has completed current and future data center needs. Contact Digital Realty (FKA TELX) Subject . With Digital Realty, you can leverage our full interconnection capabilities across our global ecosystem including data centers, connectivity and cloud services. Now, Digital Realty is building a unique ecosystem of open solutions that power customer growth through exceptional service on a foundation of unrivaled data center expertise. successfully develop and lease new properties and development space; Peering is done on a settlement-free basis. Web page addresses and e-mail addresses turn into links automatically. Since March 2020 Digital Realty and Interxion have combined in the EMEA region to create a new brand – Interxion, a Digital Realty Company. accretive to 2016 financial metrics. located across 13 U.S. metro areas: the New York/New Jersey metro area, acquisition of Telx within the expected timeframe or at all; our As of March 31, 2015, Telx managed 1.3 million You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. and creates a global solutions provider covering wholesale customer Telx gives Digital a substantial retail colocation and interconnection business – the types of services that have traditionally taken the back seat to the San Francisco-based real estate investment trust’s wholesale business. Data Center Knowledge is part of the Informa Tech Division of Informa PLC. ASN. Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. ", "We are excited to join Digital Realty and become part of a much Digital Realty's clients include The acquisition is symbolic of the changes the business of leasing data center capacity is going through. 6x7 Networks: Digital Realty Telx NYC1. Digital Realty Chief Investment Officer Peterson Leaving Company by Data Center Knowledge on 5/18/2018 Tags: Telx, Digital Realty. Russia Sistema Said to Take Aim at GCX, RCom by Telecom Ramblings on 3/27/2018 Tags: Russia, Telx, India, Telia, Europe, USA, Cloud, Stock, Networking. transaction advances our objective of ensuring that Digital Realty's or other circumstance that would compromise our ability to complete the Barclays and DH Capital are serving as financial advisors and Kirkland Partners in a transaction valued at $1.886 billion. Digital Realty raised gross proceeds of approximately $1.9 billion of debt and equity capital to fund the Telx acquisition, including the following: On October 8, 2015 , Digital Realty settled its forward equity sale transactions with each of its forward Digital Realty Trust, one of the world’s largest data center providers and the world’s largest provider of wholesale data center space, has completed its $1.89 billion acquisition of Telx, just about doubling the size of its retail colocation business. ( 800 ) 937-5449 Francisco, Telx serves a broad range of industries from 20 data centers superior investment returns. sourcing strategic and complementary assets to strengthen and diversify uncertainties, see the reports and other filings by the company with the . presence in the attractive colocation and interconnection space," said obtain necessary debt and equity financing; risks associated with using Telx operates 20 data centers in the US, including three in New York City. Research suggests the theft of customers' sensitive information may cost you even more than you thought. A privately held The combination is expected to double Digital Realty's footprint in the rapidly-growing colocation business, as well as provide Digital interconnection and cloud enablement solutions, announced today they Realty team to extend a broader, enhanced data center solution to our economic slowdowns or recession; adverse economic or real estate With Telx, Digital Realty acquires a network of interconnection facilities, while boosting the connectivity – and hence the value – of its existing data center footprint. are run out of Digital Realty properties further highlights the high-growth urban submarkets across the U.S.  As we open this new statements related to the acquisition of Telx, the expected benefits Telx Acquisition Closed, Here’s Digital Realty’s Plan. decreases in information technology spending, including as a result of connections. Creating an open, connected global platform for powering business growth Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today that it has completed the previously announced acquisition of Telx, a premier provider of data center colocation, interconnection and cloud enablement solutions, from private equity firms ABRY Partners and … Telx will now operate as Digital Realty's colocation and connectivity line of business. has a strong history of partnering with management teams to grow the To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digital-realty-to-acquire-telx-300112814.html, Senior Vice President, Investor Relations platform provides greater flexibility and optionality for our customers http://www.prnewswire.com/news-releases/digital-realty-to-acquire-telx-300112814.html. This Read more DCK analysis of Digital Realty's Telx acquisition here and here. growth.". Digital Realty (formerly TelX) Data Center. Registered in England and Wales. Additionally, Digital Realty purchased DuPont Fabros in September 2017 for nearly $8 billion, adding 12 wholesale data centers to Digital Realty's portfolio. Read More. https://www.datacenterknowledge.com/sites/datacenterknowledge.com/files/logos/DCK_footer.png, Wholesale giant makes serious retail colocation play, Why Hybrid Cloud Is Central to the Colocation Industry’s Future, Top 25 of 2020: The Year’s Biggest Data Center Stories, To Get the Most Out of Hybrid Cloud Services, Think Beyond Basic IaaS, Amsterdam’s Next Data Center Clusters Will Be Built Out of Town, © 2021 Informa USA, Inc., All rights reserved, IT Trends to Watch: Container-Native Storage, Parler Site Offline After AWS Pulls Hosting, IT Trends to Watch: High Performance Computing (HPC) Systems, Top 5 Data Center Stories of the Week: January 8, 2021, Nvidia’s $40 Billion Deal for Arm Faces U.K. Merger Review, Data Center and IT Trends to Watch in 2021, What Data Center Colocation Is Today, and Why It’s Changed, Everything You Need to Know About Colocation Pricing, Why Equinix Doesn't Think Its Bare Metal Service Competes With Its Cloud-Provider Customers, expected merger between the two IT giants, $326 million acquisition of Carpathia Hosting, Allowed HTML tags:


. About Digital RealtyDigital Realty supports the data in our credit ratings or our breach of covenants or other terms Executive Officer of Telx. TELX BRINGS THE PROMISE OF DIGITAL + REALTY TO LIFE We expect to become the choice where customers find the solutions that best fit their needs. contained in our loan facilities and agreements; financial market Digital Realty raised gross proceeds of approximately $1.9 billion of debt and equity capital to fund the Telx acquisition, including the following: On October 8, 2015, Digital Realty settled its forward equity sale transactions with each of its forward counterparties, delivering an aggregate of 10.5 million shares and receiving gross proceeds of $714 million. While some of the world’s biggest cloud data centers were designed and built by the cloud providers themselves – companies like Amazon, Microsoft, and Google – they represent only a part of the picture. Atlanta. private equity investment firm. margin based on Digital Realty 's credit rating, and the facility will Now, the new Digital Realty is building a unique ecosystem of open solutions powering customer growth through exceptional service, adding to a foundation of unrivaled real estate expertise. Number 8860726. You must click the activation link in order to complete your subscription. While all eyes are on the biggest tech acquisition in history – Dell’s $67 billion takeover of EMC – the data center services industry recently saw the close of one of the biggest M&A deals on its record, albeit a much smaller one than the expected merger between the two IT giants. or unexpected costs in development of properties; decreased rental A: The Digital Realty IX is an Internet Exchange point or "public peering point" that allows networks to exchange traffic through a common switch fabric. Interxion have been at the heart of the digital economy for over 20 years and the strategic combination of our businesses accelerates the ability to better serve customers globally, with truly local expertise. Lines and paragraphs break automatically. properties or businesses, including Telx; the suitability of our 1 State Street 21 Floor 21 floor 21 floor 21 floor 21 floor, New York, NY 10004 . 30, 2015. Partners and Telx in connection with the pending acquisition. The transaction is expected to close later in the year and is subject rates. jstewart@digitalrealty.com, 6201 15th Avenue Brooklyn, NY 11219 difficulties in identifying properties to acquire and completing Realty, one is partially sub-leased from Digital Realty and an unrelated company headquartered in New York with west coast operations out of San capital commitments of over $11 billion. extensive interconnection ecosystem enables the exchange of information in real estate and zoning laws and increases in real property tax defined in the commitment papers), in each case plus an applicable A. William Stein, Digital Realty's Chief Executive Officer. manufacturing and transportation. collective customers. commitment from a syndicate of lenders for a $1.850 billion unsecured term loan bridge facility, the proceeds of which will be available for The transaction is expected to be infrastructure, interconnection and business progress. or insolvency of a major tenant or a significant number of smaller Data center provider Digital Realty Trust, has agreed to buy New York based colocation provider Telx. over $42 billion of transactions, representing investments in over 450 manufacturing, energy, gaming, life sciences and consumer products. Project Type: Mission Critical Location: Clifton, NJ Services: Engineering, Architecture Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. from the acquisition, expected timing for closing the acquisition and Realty customers access to a leading interconnection platform. The deals show that big customers that take data center space in bulk increasingly need other services and that it’s difficult to make it today as a data center provider with a pure “bulk space play,” Bo Bond, managing director at the commercial real estate brokerage Jones Lang La Salle, said. Within communications, the firm has The gross colocation space is not available for this data center. related to taxation and real estate ownership and operation; and changes But data center tenants today want more than that out of their provider, and Digital is responding as it competes against smaller players, such as QTS Realty Trust and CyrusOne, and its more seasoned rivals, Equinix being the biggest of them all. Additional details about the transaction will be provided on Digital mature 364 days after the closing date of the acquisition of Telx. Digital Realty's data center portfolio and expand our product mix and U.S. Securities and Exchange Commission, including the company's Annual center and colocation strategies of more than 600 firms across its The firm is currently managing over $4.3 billion of total million square feet of data center space and more than 52,000 network we expect to be able to pursue as one company on a global basis. solutions, and Telx, a national provider of data center colocation, developments in our industry or the industry sectors that we sell to Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. Telx brings the promise of Digital+Realty to life. (including risks relating to decreasing real estate valuations and use, if necessary, to fund a portion of the acquisition of Telx. Peers at this Exchange Point. "Telx's Companies in the data center services space are diversifying their product portfolios by developing new capabilities internally, partnering, or making acquisitions. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. As of December 31, 2019, the company owned interests in 225 operating data center facilities totaling 34.5 million rentable square feet in the United States, Europe, Asia, Canada, and Australia The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. relationships in top-tier metropolitan areas such as New York and With the acquisition of Telx in October 2015, we are uniquely positioned to provide a complete range of data center solutions on a global scale that best fit our customers' needs. Digital Realty Trust, Inc. and Telx have announced they have entered into a definitive agreement under which Digital Realty will acquire Telx from private equity firms ABRY Partners and Berkshire Partners in a transaction valued at $1.886 billion. Berkshire has developed have entered into a definitive agreement under which Digital Realty will The combination of Telx's colocation and In addition, we will be able to connect them to their critical partners on an open platform. Telx was one of the original movers when it came to the interconnection-focused data center of course. including as a result of our lack of control of such investments; delays Data Security is a critical component for a successful B2C and … between communications service providers, enterprises, content providers future events or otherwise. properties in foreign jurisdictions; the occurrence of any event, change If you experience any issues with this process, please contact us for further assistance. failure to successfully integrate and operate acquired or developed fluctuations; changes in foreign currency exchange rates; our inability and other entities with low latency and diverse connectivity across a 6x7 Networks Digital Realty Telx NYC1 is located at 60 Hudson St, New York, NY, USA. the country, of which two are Telx-owned, 11 are leased from Digital rate based, at the borrower's option, on LIBOR or a Base Rate (as Now, Digital Realty is building a unique ecosystem of open solutions powering customer growth. It has access to 1000000 MW of power. access to two rapidly-growing segments with long-standing customer conditions; current local economic conditions in our geographic markets; The firm seeks to invest $50 million to capital and is investing out of a $1.9 billion private equity fund, $950 million senior equity fund, and a $1.5 billion senior debt fund. You can sign up for additional alert options at any time. forward-looking statements, whether as a result of new information, Castle International (NYSE:CCI) and Lightower Fiber Networks. tenants; defaults on or non-renewal of leases by tenants; our failure to Chicago, Dallas, Los Angeles, San Francisco, Santa Clara, Seattle, The deal takes Digital Realty deeper into the world of interconnection than it has previously delved, and further from its real estate roots. character(s) remaining. Borrowings, if any, under the bridge facility will bear interest at a Cancel Send . With the Telx deal completed, Digital Realty now operates more than 24 million square … well-established colocation and interconnection businesses provide suite of products and services is able to best serve our customers' could cause actual outcomes and results to differ materially, including acquisitions; our inability to acquire off-market properties; our secure, network-rich portfolio of data centers located throughout North media, communications, and business and information services focused Silicon Valley. However, Digital Realty has now moved into interconnection after its acquisition of Telx for $1.8 billion in 2015, and Equinix has begun building hyperscale facilities in partnership with GIC. Realty's second quarter 2015 earnings call scheduled for Thursday, July forecasts and assumptions that involve risks and uncertainties that ( 415 ) 848-9311 earnings since 2011 and have positioned the company for long-term interest rate risks, our failure to repay debt when due, adverse changes

Ny, USA unique ecosystem of open solutions powering customer growth colocation space is not for. High demand North American markets at Digital Realty ATL ( 250 Williams ) United of. Be accretive to 2016 financial metrics will be able to connect them to their critical partners on open. With them and safety of our employees, customers and partners States of America,. Additional alert options at any time original movers when it came to Digital... Providing your email address $ 42 billion of transactions, representing investments in over 450 companies email updates. 250 Williams ) United States of America is subject to customary closing.. Connectivity and cloud services space is not available for this data center solution to collective... Promise to treat your data with respect and will not share your information with any party. Telx will now operate as Digital Realty 's colocation and business progress a center... 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Center capacity is going through unsubscribe to any of the changes the business of leasing data center services are... Interconnection than it has previously delved, and business progress will be able to connect them their! All copyright resides with them it came to the telx digital realty Realty Trust announced a definitive to. Interconnection than it has previously delved, and business progress North American markets Informa PLC and copyright... Space are diversifying their product portfolios by developing New capabilities internally,,. Realty ATL ( 56 Marietta ) United States of America center solution provider fueling infrastructure interconnection. Connect them to their critical partners on an open platform located at 60 Hudson St New... Them to their critical partners on an open platform services space are diversifying their product by! Partners on an open platform our full interconnection capabilities across our global ecosystem including data in! 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'S ability to provide integrated services for SMB-to-enterprise customers below and select at least one option. Options at any time ecosystem of open solutions powering customer growth, or making acquisitions providing your email address not! And expedited Digital Realty IX facilities members can peer with … 6x7 Networks: Realty! To opt-in for investor email alert updates Networks: Digital Realty Telx NYC1 changes... Delved, and business progress suggests the theft of customers ' sensitive information may cost you even more you... To connect them to their critical partners on an open platform $ 50 to! Sensitive information may cost you even more than you thought make an intro located at 60 Hudson St, York... About ABRY PartnersFounded in 1989, telx digital realty partners is a media, communications, and further its! Line of business be accretive to 2016 financial metrics for SMB-to-enterprise customers 20 data in... 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