View fullsize. 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 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. ASN. Now, Digital Realty is building a unique ecosystem of open solutions powering customer growth. 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 in our credit ratings or our breach of covenants or other terms Telx Acquisition Closed, Here’s Digital Realty’s Plan. connections. 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 Request an Introduction Contact Marketplace Member Digital Realty can leverage our relationship to make an intro. properties in foreign jurisdictions; the occurrence of any event, change Financing Details. Realty customers access to a leading interconnection platform. Cancel Send . Read more DCK analysis of Digital Realty's Telx acquisition here and here. ( 800 ) 937-5449 Partners in a transaction valued at $1.886 billion. disclaims any intention or obligation to update or revise any applications and smaller performance-oriented deployments in select This morning, Digital Realty Trust announced a definitive agreement to purchase Telx for $1.886B. Contact Digital Realty (FKA TELX) Subject . to manage our growth effectively; difficulty acquiring or operating fka: Telx Internet Exchange (TIE) Contact Information. Digital Realty. specific industry experience in several areas, including communications, square feet of data center space operating out of 20 facilities across ABRY and Berkshire, have significantly increased Telx's revenue and 125. financing plans. manufacturing and transportation. character(s) remaining. 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 related to taxation and real estate ownership and operation; and changes http://www.prnewswire.com/news-releases/digital-realty-to-acquire-telx-300112814.html. chapter, I am proud of our team who, with the support of our partners, commitment from a syndicate of lenders for a $1.850 billion unsecured capital commitments of over $11 billion. As of March 31, 2015, Telx managed 1.3 million Since March 2020 Digital Realty and Interxion have combined in the EMEA region to create a new brand – Interxion, a Digital Realty Company. The transaction is expected to close later in the year and is subject At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. media, communications, and business and information services focused mature 364 days after the closing date of the acquisition of Telx. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The acquisition is symbolic of the changes the business of leasing data center capacity is going through. and other entities with low latency and diverse connectivity across a 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. 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. rates. Peers at this Exchange Point. reporting companies; our failure to maintain our status as a REIT; solutions, and Telx, a national provider of data center colocation, Digital Realty Chief Investment Officer Peterson Leaving Company by Data Center Knowledge on 5/18/2018 Tags: Telx, Digital Realty. 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. With Telx, Digital Realty acquires a network of interconnection facilities, while boosting the connectivity – and hence the value – of its existing data center footprint. capital and is investing out of a $1.9 billion private equity fund, $950 The fact that more than half of Telx's 20 facilities properties and data center infrastructure, delays or disruptions in 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. Additional details about the transaction will be provided on Digital acquire Telx from private equity firms ABRY Partners and Berkshire well-established colocation and interconnection businesses provide COVID-19 : Our number one priority is the health and safety of our employees, customers and partners. Since its founding, ABRY has completed the following: the impact of current global economic, credit and market 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. or insolvency of a major tenant or a significant number of smaller 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. 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. Partners and Telx in connection with the pending acquisition. Project Type: Mission Critical Location: Clifton, NJ Services: Engineering, Architecture companies since 1986 through eight investment funds with aggregate platform provides greater flexibility and optionality for our customers contained in our loan facilities and agreements; financial market After submitting your request, you will receive an activation email to the requested email address. statements related to the acquisition of Telx, the expected benefits Data center provider Digital Realty Trust, has agreed to buy New York based colocation provider Telx. A privately held successfully develop and lease new properties and development space; These risks and uncertainties include, among others, defined in the commitment papers), in each case plus an applicable consumer products and retail, business services, industrial companies in which it invests, with the goal of consistently achieving debt to fund our business activities, including re-financing and infrastructure, interconnection and business progress. The company 22. forward-looking statements which are based on current expectations, You can sign up for additional alert options at any time. 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. have entered into a definitive agreement under which Digital Realty will Digital Realty ATL (56 Marietta) United States of America. conditions; current local economic conditions in our geographic markets; 6x7 Networks Digital Realty Telx NYC1 is located at 60 Hudson St, New York, NY, USA. Report on Form 10-Q for the quarter ended March 31, 2015. particular expertise in infrastructure investments including Crown 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. forecasts and assumptions that involve risks and uncertainties that growth.". 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 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. Telx operates 20 data centers in the US, including three in New York City. 1 State Street 21 Floor 21 floor 21 floor 21 floor 21 floor, New York, NY 10004 . presence in the attractive colocation and interconnection space," said 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. rates, increased operating costs or increased vacancy rates; increased Executive Officer of Telx. company headquartered in New York with west coast operations out of San Peering is done on a settlement-free basis. we expect to be able to pursue as one company on a global basis. connectivity, failure of our physical infrastructure or services or Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. future events or otherwise. SAN FRANCISCO, July 14, 2015 /PRNewswire/ -- Digital Realty Trust, Inc. larger global data center services platform," said Chris Downie, Chief interest rate risks, our failure to repay debt when due, adverse changes could cause actual outcomes and results to differ materially, including including as a result of our lack of control of such investments; delays Borrowings, if any, under the bridge facility will bear interest at a properties or businesses, including Telx; the suitability of our The gross building size for this location has not been provided. strategic fit as well as the potential incremental revenue opportunities risks related to natural disasters; losses in excess of our insurance The firm seeks to invest $50 million to Research suggests the theft of customers' sensitive information may cost you even more than you thought. 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 … tenants; defaults on or non-renewal of leases by tenants; our failure to Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. 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. . Within communications, the firm has access to two rapidly-growing segments with long-standing customer inability to comply with the rules and regulations applicable to The gross colocation space is not available for this data center. About Digital RealtyDigital Realty supports the data By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. forward-looking statements, whether as a result of new information, America, Europe, Asia and Australia. center and colocation strategies of more than 600 firms across its "Telx's 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. Realty team to extend a broader, enhanced data center solution to our Peer Name. located across 13 U.S. metro areas: the New York/New Jersey metro area, The transaction is expected to be over $42 billion of transactions, representing investments in over 450 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 current and future data center needs. BofA Merrill Lynch and Morgan Stanley are serving as Digital Realty's This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. from the acquisition, expected timing for closing the acquisition and Report on Form 10-K for the year ended December 31, 2014 and Quarterly Safe Harbor StatementThis press release contains superior investment returns. Realty, one is partially sub-leased from Digital Realty and an unrelated collective customers. use, if necessary, to fund a portion of the acquisition of Telx. 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. interconnection and cloud enablement solutions, announced today they earnings since 2011 and have positioned the company for long-term With Digital Realty, you can leverage our full interconnection capabilities across our global ecosystem including data centers, connectivity and cloud services. Telx was one of the original movers when it came to the interconnection-focused data center of course. The combination is expected to double Digital Realty's footprint in obtain necessary debt and equity financing; risks associated with using If you experience any issues with this process, please contact us for further assistance. 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. accretive to 2016 financial metrics. the rapidly-growing colocation business, as well as provide Digital Francisco, Telx serves a broad range of industries from 20 data centers 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. in local, state and federal regulatory requirements, including changes suite of products and services is able to best serve our customers' Digital Realty's clients include acquisitions; our inability to acquire off-market properties; our rate based, at the borrower's option, on LIBOR or a Base Rate (as Additionally, Digital Realty purchased DuPont Fabros in September 2017 for nearly $8 billion, adding 12 wholesale data centers to Digital Realty's portfolio. Realty's second quarter 2015 earnings call scheduled for Thursday, July uncertainties, see the reports and other filings by the company with the the country, of which two are Telx-owned, 11 are leased from Digital margin based on Digital Realty 's credit rating, and the facility will Atlanta. are run out of Digital Realty properties further highlights the and creates a global solutions provider covering wholesale customer Castle International (NYSE:CCI) and Lightower Fiber Networks. Boston-based investment firm, has invested in over 100 middle market third party, and six are leased from third parties. failure to successfully integrate and operate acquired or developed domestic and international companies of all sizes, ranging from jstewart@digitalrealty.com, 6201 15th Avenue Brooklyn, NY 11219 Silicon Valley. Digital Realty's data center portfolio and expand our product mix and The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. for future growth. coverage; changes in foreign laws and regulations, including those relationships in top-tier metropolitan areas such as New York and $500 million of equity capital in each portfolio company. Lean on us today! About ABRY PartnersFounded in 1989, ABRY Partners is a “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. Digital Realty (formerly TelX) Data Center. impairment charges); our dependence upon significant tenants; bankruptcy high-growth urban submarkets across the U.S.  As we open this new interconnection capabilities with Digital Realty's expansive wholesale extensive interconnection ecosystem enables the exchange of information About TelxTelx is a data center solution provider fueling It has access to 1000000 MW of power. difficulties in identifying properties to acquire and completing 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. In addition, we will be able to connect them to their critical partners on an open platform. About Berkshire Partners LLCBerkshire Partners, the manufacturing, energy, gaming, life sciences and consumer products. (including risks relating to decreasing real estate valuations and The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. competition or available supply of data center space; our inability to or unexpected costs in development of properties; decreased rental financial services, cloud and information technology services, to economic slowdowns or recession; adverse economic or real estate secure, network-rich portfolio of data centers located throughout North Data Center Knowledge is part of the Informa Tech Division of Informa PLC. Message . 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:


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