Connecting CoreSite Customers to Latin America, Spain and Portugal
DENVER--(BUSINESS WIRE)--May 13, 2015-- CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center solutions across the U.S., today announced that UFINET, an international network carrier providing high-quality solutions in the wholesale telecommunications market, has established a point of presence in CoreSite’s Los Angeles data center campus. This deployment provides customers with direct connectivity to Spain, Portugal and nine Latin American countries.
UFINET has developed a large fiber optic network in Spain and Latin America over the past four years, connecting countries by multiple protection rings and deploying a large metropolitan network in major cities such as Madrid, Barcelona, Sevilla, Bogota, Panama City, San Jose, Managua, San Salvador and Guatemala City among others. The network covers more than 7,000 on-net buildings, more than 110,000 near-net buildings and over 1,800 towns and cities.
"In our process of expansion and adaption to our customer’s business requirements, UFINET detected a rising need to provide redundancy in the usual routes connecting Latin America with the United States,” said F. Javier Lacasa, EVP of UFINET. “Our new point of presence with CoreSite in Los Angeles enables us to offer our customers a range of geographically dispersed connectivity by adding coverage on the Pacific coast.”
“CoreSite’s Los Angeles campus has a rich customer ecosystem, including networks, cloud and IT service providers, as well as a variety of entertainment companies, digital content providers and CDNs,“ said Brian Warren, SVP of Marketing and Product at CoreSite. “Adding UFINET to our LA campus provides our customers with valuable access to strategic markets.”
The CoreSite Los Angeles campus includes two data center facilities – LA1, also known as One Wilshire®, one of the most interconnected buildings in the world, and LA2 with over 424,000 square feet of scalable space in downtown Los Angeles. CoreSite’s Los Angeles campus is comprised of over 450 network, cloud and enterprise customers, as well as access to the largest peering exchange on the West Coast -- CoreSite’s Any2Exchange® for Internet peering.
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center solutions across eight key North American markets. More than 800 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options -- all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
UFINET is one of the most important Carrier of Carriers for Latin America and Western Europe. With more than 17 years of experience in the international telecommunications market, UFINET has focused over the years on providing dark fiber and transport capacity services to the largest operators of the region, as well as the major international operators, turning it into a "one stop shop" for them. UFINET´s great financial strength ensures long-term contracts, which makes it one of the most important companies in the wholesale market. Personalized service, client orientation, flexibility, agility and neutrality offered to all its customers characterizes and differentiates UFINET in the telecommunications market. For more information, visit www.ufinet.com.
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of CoreSite's data centers in certain markets and any adverse developments in local economic conditions or the demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition; CoreSite's failure to obtain necessary outside financing; CoreSite's failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; and other factors affecting the real estate industry generally. All forward-looking statements reflect CoreSite's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, CoreSite disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause CoreSite's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in CoreSite's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.