August 9, 2007 — (WEB HOST INDUSTRY REVIEW) — Complex interconnection services provider FiberNet Telecom Group (ftgx.com) announced on Wednesday it will convert 8,000 square feet of currently unoccupied colocation space at its 165 Halsey Street location in Newark, New Jersey, into an Internet-grade facility. This conversion will include a power upgrade that will increase available capacity to 150 watts per square foot for data center customers.
“We are pleased to announce this latest enhancement to our colocation business,” says Jon A. DeLuca, president and CEO. “Our facility at 165 Halsey Street has been a great success, and this project will continue to drive our growth in this area.”
The enhanced space will be fully integrated with all of FiberNet’s other colocation facilities and data centers, including the 60 Hudson Street Meet-Me-Room, via its metropolitan optical networks. The colocation space will deliver FiberNets full suite of transport and interconnection services.
This Internet-grade space, expected to be fully operational in the fourth quarter of this year, will meet the needs for power and cooling that are essential for data centers and Internet exchanges. FiberNet intends to fund the development of this facility with existing cash, internally generated cash flows and availability under its credit facility.
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