CAPRE’s Digital Infrastructure Round Up for February 13, 2020: Databank Closes Sale of Telecom Assets to Everstream

Check out the latest in deals, new development and innovative strategies in hyperscale, colocation, 5G, cloud migration, cloud services, edge compute, Hybrid IT, power, cooling and energy efficiency for February 13, 2020: Beanfield Technologies Expands Fiber Footprint into Montréal with Acquisition of Openface: Beanfield Technologies, an independent telecommunications infrastructure provider in Canada serving the enterprise, carrier and multi-dwelling units  markets, today announced its acquisition of Openface, a leading provider of fiber-based telecom services primarily to small and medium-sized businesses as well as enterprise customers. Financial terms of the private transaction were not disclosed. Openface serves a well-diversified customer base spread across Montréal through a portfolio of 100 kilometers of owned fiber, more than 200 on-net buildings, and over 3,000 near-net buildings. The company maintains its own construction and installation team, which has given Openface a well-earned reputation for expertise in fiber construction and experienced domain knowledge of Montreal and the city’s buildings. As part of the transition, Openface’s employees will join Beanfield and the company will maintain its current location in Montreal providing Beanfield with an additional presence in the city. DataBank Closes Sale of Telecom Assets to Everstream: DataBank has announced the closing of the sale of its LightBound fiber/telecom assets to Everstream, a business-only fiber network provider. The divestment follows DataBank’s October acquisition of LightBound, a colocation, Internet, voice, network and cloud services provider, which expanded DataBank’s portfolio of edge data centers with the addition of two enterprise-class…