Internap takes $99.7 million CDN charge

Internap Network Services announced in advance of its third quarter earnings report that it was taking a $99.7 million charge on the write-down of content delivery network assets related to last year's acquisition of VitalStream. The CDN market has been seen as quite turbulent in the last year or so, as larger telco network operators have begun to move in on the market.

Some CDN players have made recent technology and service advances as a result, with Limelight Networks recently upgrading its global CDN capacity, Akamai acquiring targeted ad firm acerno and reporting strong Q3 earnings, and Internap establishing an Asia-focused partnership with Reliance Globacom. Most recently, Level 3 Communications, not to be out-done by traditional CDN companies, just last week announced a major CDN expansion in Asia.

For more:
- Light Reading's Contentinople has more about the Internap charge

Related articles
Akamai released its Q3 financials last week
Level 3 announced its Asia expansion last week
Limelight announced a CDN capacity upgrade

Suggested Articles

LF Edge, an umbrella organization that's part of the Linux Foundation, announced the second release of its Akraino Edge Stack.

Chris Young is leaving his role as CEO of cybersecurity firm McAfee to become a senior advisor with TPG Capital, which has a majority stake in McAfee.

CenturyLink wins a $1.6 billion contract with the U.S. Department of Interior to upgrade its network services and modernize its IT solutions.