Denver, CO – June 14, 2011 – CoreSite Realty Corporation (NYSE:COR, news, filings), a national provider of powerful, network-rich data centers, today announced that TeliaSonera International Carrier, the global tier 1 IP carrier, has chosen CoreSite for its latest PoP (Point of Presence) in Los Angeles. The decision was based on CoreSite’s flexibility, scalability, and local customer base of more than 200 companies including an established gaming, media, and entertainment ecosystem. CoreSite manages 600,000 square feet in Los Angeles, including 437,000 square feet of operating data center space and Southern California’s most network-dense data center. In addition to its operating data center space, CoreSite owns approximately 145,000 square feet of space targeted for additional data center development, including 25,000 SF planned for completion in the third quarter of 2011.
TeliaSonera’s gaming service is part of a portfolio of managed IP services and provides connectivity solutions optimized for the real-time, uninterrupted delivery of gaming content. Analysts forecast the gaming industry to grow at a compound annual growth rate (CAGR) of 9.2% over the next 5 years, creating a need for on-demand data center scalability.
In selecting CoreSite, TeliaSonera International Carrier is expanding its West Coast gaming managed colocation business to its second CoreSite data center in Southern California, accompanying its east coast deployment with CoreSite in Washington, DC.
“TeliaSonera has been experiencing incredible growth, serving some of the world’s largest gaming companies. CoreSite’s Los Angeles data center offered the network-density, scalability, and reliability needed to support this growth,” commented Mattias Fridström, Head of Technology at TeliaSonera International Carrier. “CoreSite has a proven record of delivering. They will help us continue to exceed customers’ expectations of world class service.”
“CoreSite is excited to add TeliaSonera International Carrier to our well-established media, gaming, and entertainment ecosystem in Los Angeles,” said David Dunn, CoreSite’s senior vice president of strategy and marketing. “TeliaSonera’s gaming service offers our gaming customers high performance on-net global connectivity intra-US and directly between Asia-US, US-Europe and Asia-Europe coupled with a compelling, new managed colocation option as their industry continues to evolve.”
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers powerful, network-rich data centers that optimize, secure and interconnect the mission-critical IT assets of the world’s top organizations. 600+ customers, including Global 1000 enterprises, cloud providers, financial firms, and Government agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible data center solutions. CoreSite offers private data centers and suites, cage-to-cabinet colocation, and interconnection services, such as Any2, CoreSite’s Internet exchange. The company’s portfolio comprises more than two million square feet, including space held for redevelopment and development, and provides access to over 200+ network service providers via 11 data centers in seven key U.S. economic centers. For more information please visit www.coresite.com.
CoreSite Investor Relations Contact
Investor Relations
+1 303.222.7276
InvestorRelations@CoreSite.com
CoreSite Media Contact
Mark Jobson, Marketing Director
+1 303.405.1004
Mark.Jobson@CoreSite.com
About TeliaSonera International Carrier
As one of the leading carriers globally – and number 1 in Europe – TeliaSonera International Carrier provides fiber-based telecommunications services and infrastructure that deliver supreme customer value with high quality in every dimension.
In addition to serving Operators and Services Providers, we play a vital role in delivering content and applications to millions of passionate and demanding users worldwide through our solutions for the media, gaming and other online entertainment industries.
Our wholly owned fiber network is one of the most extensive in the industry – with close to 200 points of presence covering Asia, Europe, and the US – all solidly backed up by award-winning customer care.
Experience us at www.teliasoneraic.com.
TeliaSonera International Carrier Media Contact
Neil Johnson
+46 850451249
Neil.Johnson@teliasonera.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 the Company’s control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the timely completion of planed construction, geographic concentration of the Company’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; the Company’s failure to obtain necessary outside financing; the Company’s failure to qualify or maintain our status as a REIT; 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 the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company 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 the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
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