AUGUST 8, 2007 -- FiberNet Telecom Group Inc. (search for FiberNet), a provider of interconnection services, says it will convert 8,000 sq ft of currently unoccupied colocation space at its 165 Halsey Street location in Newark, NJ, into an Internet-grade facility. This conversion will include a power upgrade that will increase available capacity to 150 W per square foot for data center customers.
"We are pleased to announce this latest enhancement to our colocation business," said 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 and will deliver FiberNet's full suite of transport and interconnection services. This Internet-grade space will also meet the requirements for power and cooling that are paramount for today's data centers and Internet exchanges, the company adds.
It is expected to be fully operational in the fourth quarter of this year. FiberNet intends to fund the development of this facility with existing cash, internally generated cash flows, and availability under its credit facility. FiberNet will provide additional information with the release of its second quarter results.
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