FASTER Trans-Pacific Cable System Will Land at CoreSite’s Los Angeles Data Center Campus
November 03 2015 - 8:00AM
Business Wire
Providing submarine cable connectivity between
key Asian cities and the West Coast of the United States
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center solutions across the
U.S., announced today that CoreSite will host the FASTER submarine
network’s Los Angeles landing, directly connecting the West Coast
of the U.S. with Japan. Backed in part by Google, FASTER addresses
the traffic demands for broadband and mobile content on the
trans-Pacific route.
FASTER is backed by a total of six investing companies,
including Google, China Mobile International, China Telecom Global,
Global Transit, KDDI and Singtel, and has been designed with
6-fiber-pair cable and optical transmission technologies with an
initial capacity of 60Tb/s (100Gb/s x 100 wavelengths x 6
fiber-pairs). The FASTER system is expected to begin operating
during the second quarter of 2016.
“CoreSite drives high-performance solutions to business
requirements by connecting strategic communities of interest
supported by best-in-class network and computing services,” said
Tom Ray, CEO of CoreSite. “The FASTER submarine cable system will
be the seventh subsea cable to offer direct access from our Los
Angeles campus, augmenting the importance of CoreSite’s data center
platform in the trans-Pacific route to key APAC markets.”
CoreSite’s Los Angeles campus includes the One Wilshire data
center (LA1) as well as the 424,000 square-foot Wilshire Annex
(LA2), connected by robust dark-fiber assets. With over 500 current
customers, 230 of which are networks, CoreSite’s LA campus is one
of the most densely interconnected data center campuses in the
world, making it a strategic landing point on the FASTER cable
system. Using FASTER, CoreSite customers will benefit from a
state-of-the-art route connecting businesses to the APAC
region.
About CoreSite
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.
Forward Looking Statements
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, which
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; 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151103005463/en/
CoreSiteBrenda Van der Steen,
720-446-2014Brenda.vandersteen@coresite.com
Cencora (NYSE:COR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Cencora (NYSE:COR)
Historical Stock Chart
From Aug 2023 to Aug 2024