Wavve Gains Anchor Tenant in Sacramento

CarrierHotels News Staff

Oct. 17, 2000 -- Wavve Telecommunications, Inc.announced today that it has secured an anchor tenant for its Internet Data Center located in Sacramento, Calif.
The tenant, whowas identified only as "one of the nation's leading broadband communications companies," signed a seven-year contract valued at more than $50 million, Wavve said, committing to 20,000 square feet of the available raised-floor colocation space at the Sacramento center.
"Our ability to secure a contract of this magnitude marks an important milestone in Wavve's corporate history and serves as a testament to the strength of Wavve's robust product offering and the built-in, advanced technology design and infrastructure of our Class A Internet data center," said Bob Ingraham, Wavve's president and COO.
The tenant will take occupancy of the first 10,000 square feet at Wavve's Sac 2 facility beginning in November and, over the course of the next 8 months, grow its occupancy to an additional 10,000 square feet for a minimum commitment of 20,000 square feet.
Wavve Telecommunications, Inc. is a leading provider of colocation, network connectivity, Internet and managed services.