DataBank Closes Sale of Telecom Assets

DataBank has closed the sale of its LightBound fiber/telecom assets to Everstream, a business-only fiber network provider.

The divestment follows DataBank’s October acquisition of LightBound, a colocation, internet, voice, network and cloud services provider, which expanded DataBank’s portfolio of edge data centers with the addition of two enterprise-class facilities in the downtown Indy Telcom Center.

The sale of the LightBound fiber/telecom assets to Everstream will allow DataBank to focus on its core data center and managed services offerings while simultaneously enabling Everstream to enter the Indianapolis market, serving the needs of existing LightBound fiber/telecom customers as well as new enterprises in the region.

The transaction also accelerates Everstream’s planned entry into the Indianapolis market and provides Everstream with a lit fiber network extending across the metro area.

DataBank now operates 20 data centers in nine U.S. markets, including Atlanta, Baltimore, Cleveland, Dallas, Indianapolis, Kansas City, Minneapolis, Pittsburgh, and Salt Lake City. The two newly acquired Indianapolis facilities provide the highest quality Tier III capacity available in the market with over 56,000 gross square feet of colocation space and 9.5MW of installed UPS.