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Did accidental post reveal data centre takeover impact

Rumours resurface of big M&A deal in the data centre sector.

By Joao Lima

How would Digital Realty’s investment rating look if it bought Telx Group? Details of any impact on its rating appear to be have been inadvertantly leaked by financial ratings agency Fitch Ratings.

Last month reports ermerged of Digital Realty intending to acquire data centre colocation company Telx.

Since then no comment has been forthcoming from either party. But in an posting, since retracted, a rating agency issued a report saying Digital Realty would maintain a financial credit measurement following its acquisition of Telx.

No confirmation of any aquisition has been forthcoming from Digital or Telx.

Fitch Ratings said in a release psoted and then retracted on Monday: "The transaction has several benefits, including increased tenant and revenue diversity and complementary business lines.

"As the largest data centre Real Estate Investment Trust (REIT), Digital Realty exhibits credit strengths including a global platform, granular tenant base, strong access to multiple sources of capital, adequate liquidity, and a deep management bench."

Tiny Haynes, research director at Gartner, said: "Digital Realty Trust is highlighting the underlying trend REITs are moving to smaller co-location deals. We do see Digital Realty Trust coming up in competition with the carrier neutral players such as Equinix for deals around the 500Kw."

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