Cincinnati Bell is reducing its ownership of CyrusOne by selling 12.5 million of its units in CyrusOne's operating partnership, CyrusOne LP.
CyrusOne continues to move forward with its Texas data center expansion initiative, purchasing 22 acres in Austin's MetCenter business park.
CyrusOne is capitalizing on the demand for cloud and data center services by oil and gas companies that reside in Texas' Energy Corridor, announcing plans to construct a third data center at its Houston West campus.
Alpheus, a growing Texas-based competitive telecom provider, has established a number of connections in CyrusOne's data centers in the state as a way to expand its cloud service reach.
CenturyLink and CyrusOne, two service providers that have been broadening their presence in the data center market, have separately signed deals with Ingram Micro to sell its colocation space to clients.
CyrusOne on Wednesday said the first phase of the buildout of its 1 million square foot Phoenix Data Center is up and running, with over 36,000 square feet of space already being used by customers.
CARFAX, a company that provides background information about vehicles for potential buyers, announced Thursday that it has chosen a data center owned by Cincinnati Bell's CyrusOne to store the company's 11 billion vehicle history records.
Cincinnati Bell has realigned its top management team, naming Ted Torbeck as its new CEO and member of its board of directors on Thursday. Jack Cassidy has been named vice chairman of the board.
CyrusOne's shares were up almost 15 percent during its first day trading as a public company on the Nasdaq stock exchange on Friday. The data center provider's shares closed at $19 after rising to $22.10 at one point during the day.
CyrusOne, Cincinnati Bell's data center business subsidiary, on Tuesday revealed that it will sell 16.5 million shares of its common stock in an upcoming initial public offering.