More earnings, M&A, Europe, financing, credit, managed infrastructure, cloud partnerships
The sector continued to be busy as the end of the year quickly approaches.
We have more from the recent earnings season as we took a closer look at the results coming from Akamai, Alibaba, Cyxtera and American Tower. Growth rates did not shift too much sequentially and there were more signs of emerging stabilization.
There was more activity on the strategic side, with a few transactions of note in Europe. Ardian acquired European data centre operator Verne Global from Digital 9 Infrastructure and Alibaba chose not to spin out its public cloud arm amid shifts in the regulatory landscape, which could make it difficult for Alibaba Cloud to procure GPUs.
While the sector has seen growth deceleration, it is clear that the sector continues to grow and expand. Data centre operators like DataBank and Netrality were busy securing financial resources for expansion, which increasingly have a sustainability angle. And on the CDN and edge side, Edgio secured new financing, while DigitalBridge closed a new credit fund.
Finally, there was more product development and partnership in the cloud and managed infrastructure sector. Vultr partnered to enable PaaS, Akamai partnered for monitoring and DaSTOR expanded its infrastructure portfolio.
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