The month of March has been a massive one for the network and telecommunications industry, especially as service providers continue to make major moves across the new and rapidly evolving digital landscape.
Here, we bring you up to speed on the latest industry mergers and acquisitions, data center expansions that are growing the colocation market, and all you need to know in the way of cloud and data news for March.
INDUSTRY MERGERS & ACQUISITIONS
Vocus to be acquired by Macquarie (MIRA)
Vocus is set to be acquired by Macquarie (MIRA) after its board unanimously recommended that the company’s shareholders vote in favour of the Scheme Implementation Deed (SID).
The AUD$3.5 billion offer would see Vocus shareholders receive consideration of $5.50 per share in cash which, according to Vocus’ Chairman Bob Mansfield, has been met with “overwhelmingly positive” feedback from those affected.
Telefonica Brasil agrees to work with Canada to create FiBrasil
Telefonica Brasil (Vivo) confirmed an agreement for Canadian investment group Caisse de dépôt et placement du Québec (CDPQ) to acquire a 50% stake in the construction, development, and operation of FiBrasil, a neutral and independent diber wholesale network in Brazil.
TEF Infra, a subsidiary of Telefonica, is set to take a 25% stake in the new company, while Vivo retains the remaining 25% and will serve as the anchor tenant.
Agreement made by Oska Inc. to acquire competitor Auth0
Okta Inc, an identity-verification software producer, recently agreed to buy competitor Auth0 for around $6.5 billion in stock. This acquisition will help to solidify Okta’s strong position in the growing market for digital authentication security services.
Zayo to acquire Intelligent Fiber Network
This month, Zayo also announced a definitive agreement to acquire Intelligent Fiber Network (IFN). Zayo’s CFO Matt Steinfort says that “IFN brings to Zayo another unique and dense regional fiber network and a dedicated local team that excels in serving its customer base.”
Steinfort notes that this new team in addition to the additional network assets and the nearly 1,000 incremental on-net buildings will aid Zayo’s efforts to accelerate growth as the company seeks to capitalize on the enterprise opportunity within their network reach.
Rogers announces $26 billion deal to buy Calgary-based Shaw
Rogers is looking to acquire Canada’s fourth largest telecommunications company, Shaw, to collectively create the country’s second largest telco.
According to their news release, Rogers will purchase all outstanding Class A and B shares of Shaw for $40.50 per share in cash, as well as invest $6.5 billion in Western Canada to build critical 5G networks, connect underserved rural and Indigenous communities, and bring added choice to customers and businesses.
The acquisition is also set to provide 3,000 net new job opportunities.
DATA CENTER EXPANSIONS
Princeton Digital to build new greenfield data center
Princeton Digital revealed plans this month to build one of the largest new greenfield data center campuses in Mumbai. This facility is projected to be completed and switched on in 2022, which will enhance connectivity to, and emerging growth within, the Indian colocation market.
NTT plans $2 billion investment in India with aims to double capacity
Furthering the development of India’s data center market, NTT announced plans to invest heavily in its Indian data center portfolio over the next three years, including $2 billion on data centers, networks, and solar projects.
In the next three years, the company aims to provide 2.5 million square feet of capacity in the country, with plans to build six more data center parks within the same timeframe.
CLOUD AND DATA NEWS
Digital Realty lays out industry manifesto for enabling connected data communities
March also saw Digital Realty (DLR) lay out its industry manifesto which revolves around the company’s aim to enable connected data center communities and tackle the challenges presented by data gravity.
In the manifesto, DLR sets out a roadmap for PlatformDIGITAL adding new coverage, capacity, connectivity, and control, and highlights the importance of implementing data-centric architectures and cross industry collaboration to develop well-connected data communities.
Google announces major shift away from precision-targeting of ads
In an effort to foster a more privacy-first web, Google announced that they will no longer be tracking individual users as they browse the Internet. It was revealed that once third-party cookies are phased out, they will not build alternate identifiers to track individuals, nor will they use them in their products.
While this is a big step towards providing a safer, more private experience for Internet users, this decision could very well upend the ad industry which has come to rely heavily on these types of tracking tools.
Colt launches its new global SD-WAN White Label solution
Colt released news that it has officially launched its SD-WAN White Label solution, which enables wholesale customers to seamlessly launch the company’s global and award-winning SD-WAN service.
According to the media release, this solution “can rapidly tap into the enterprise SD-WAN market’s huge potential with a mature, innovative, and globally available solution without an upfront investment and minimal internal development.”
OVHCloud data center destroyed by fire
A significant proportion of OVHCloud’s data center site in Strasbourg was destroyed by a fire this month, with customers told to enact disaster recovery plans in light of the incident. This facility was one of OVHCloud’s 17 data centers in France, and one of 32 globally.
Flexera releases 2021 State of Tech Spend report
Computer software company Flexera released its annual State of Tech Spend report for 2021, which gave insights into how businesses are spending when it comes to IT resources.
Most importantly, it highlighted that organizations globally are accelerating digital transformation, cybersecurity, and cloud migration to better respond to COVID-19 and other external factors.
Industry activity is at an all-time high as providers navigate the demands and challenges of a pandemic-bound 2021, and continue to drive innovation in and around the tech space.