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By Rich Miller
Carrier Hotels Editor
Posted Apr 30, 2004
"We believe the time has come to unify and standardize the premier carrier hotel meet-me rooms across the country," Cutaia said. "Step one is to bring the premier carrier hotel meet-me rooms under common control and ownership and create, in essence, a unified grid of networks."
The deal is expected to close in mid-May. Financial terms were not announced.
56 Marietta is owned by Marietta Street Partners LLC, which bought the former Western Union office building in 1999 and redeveloped it for use as a telecom hotel. The 10-story, 160,000 square foot property has 56 tenants, all of which have a presence in the meet me room, nicknamed "The Vault."
Tenants include Level 3, XO, MCI, BellSouth, Global Crossing, Cogent, Qwest, Time Warner and WilTel. The building is also home to a Switch and Data PAIX interconnection facility, as well as the Atlanta Internet Exchange, a peering co-op operating within the meet-me room.
Last month, telx announced that MeridianTelesis founder David Taffett was joining the company to head its mergers and acquisitions activity. Taffett is also the founder and head of The Fossicker Fund, a $100 million buy-out fund. Telx, which was founded in 1997 as a service provider to calling card companies and then transformed into an interconnection business, is coming off a strong 2003 in which it expanded its presence at 60 Hudson to 45,000 square feet of data center space.
telx is not the first provider to pursue a strategy focused on carrier hotel meet-me rooms. In 2001, El Paso Global Networks bought Chicago's Lakeside Technology Center as part of a larger strategy to build an interconnection business. Cutaia says telx' strategy is very different.
"We're carrier neutral," said Cutaia. "El Paso was a network provider trying to sell transport services. We're not. We don't compete with our customers. We really work to promote their business.Their growth is our growth. Everyone's interests are aligned."
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http://www.carrierhotels.com/news/2004/Apr/30/telx_to_acquire_56_marietta_print.html
telx to Acquire 56 Marietta
By Rich Miller
Carrier Hotels Editor
Posted Apr 30, 2004
Interconnection provider telx says it will acquire Atlanta's best-known carrier hotel, 56 Marietta Street, as the first step in an ambitious program to expand its interconnection business across meet-me rooms of the nation's top carrier hotels.
"We believe the time has come to unify and standardize the premier carrier hotel meet-me rooms across the country," Cutaia said. "Step one is to bring the premier carrier hotel meet-me rooms under common control and ownership and create, in essence, a unified grid of networks."
The deal is expected to close in mid-May. Financial terms were not announced.
56 Marietta is owned by Marietta Street Partners LLC, which bought the former Western Union office building in 1999 and redeveloped it for use as a telecom hotel. The 10-story, 160,000 square foot property has 56 tenants, all of which have a presence in the meet me room, nicknamed "The Vault."
Tenants include Level 3, XO, MCI, BellSouth, Global Crossing, Cogent, Qwest, Time Warner and WilTel. The building is also home to a Switch and Data PAIX interconnection facility, as well as the Atlanta Internet Exchange, a peering co-op operating within the meet-me room.
Last month, telx announced that MeridianTelesis founder David Taffett was joining the company to head its mergers and acquisitions activity. Taffett is also the founder and head of The Fossicker Fund, a $100 million buy-out fund. Telx, which was founded in 1997 as a service provider to calling card companies and then transformed into an interconnection business, is coming off a strong 2003 in which it expanded its presence at 60 Hudson to 45,000 square feet of data center space.
telx is not the first provider to pursue a strategy focused on carrier hotel meet-me rooms. In 2001, El Paso Global Networks bought Chicago's Lakeside Technology Center as part of a larger strategy to build an interconnection business. Cutaia says telx' strategy is very different.
"We're carrier neutral," said Cutaia. "El Paso was a network provider trying to sell transport services. We're not. We don't compete with our customers. We really work to promote their business.Their growth is our growth. Everyone's interests are aligned."
http://www.carrierhotels.com -- Phone: (609) 243-7525