IPO Planned for Colo Provider CyrusOne

Data Center Knowledge May 4 2012 Cloud Computing

Cincinnati Bell plans to sell shares in its CyrusOne data center business through an initial public offering, the company said late Thursday. Cincinnati Bell (CBB) confirmed that it may operate CyrusOne as a real estate investment trust(REIT), a corporate structure used by other large data center developers. It has not yet determined when the IPO would take place.

Cincinnati Bell said in February that it was studying a spinoff or IPO for its thriving CyrusOne colocation business. The move could allow Cincinnati Bell to benefit from investor interest in the data center and cloud computing sector, while shifting significant capital expenses off the telecom company’s balance sheet.

Read Full Article

Bookmark or Share this article

Login to comment.

VMware Helps Enterprises and Governments of All Sizes Go Green also categorized in Cloud Computing
Report: GFS Loses Staff in Microsoft Cuts also written by Rich Miller
HP Gets $4.8M in Incentives in Colorado also written by Rich Miller
Ascent Plans Major Chicago Data Center also written by Rich Miller
Power Structures Shape Northwest Landscape also categorized in Cloud Computing
Virginia Passes Data Center Tax Incentives also written by Rich Miller
Block your calendars for some Microsoft Green IT tip sessions also categorized in Cloud Computing
Savvis Leads Data Center Stocks Higher in April also written by Rich Miller
Iceland Could Become Global Hub For Cloud Computing also categorized in Cloud Computing
VMware Helps Enterprises and Governments of All Sizes Go Green also categorized in Cloud Computing