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February 13, 2016 11:18 AM ET

Internet Software and Services

Company Overview of The Telx Group, Inc.

Company Overview

The Telx Group, Inc. operates interconnection and colocation data centers in the United States. The company offers data center interconnection, data center colocation, dedicated Internet access, Internet exchange, remote hands, and security services; cloud, connectivity, and managed services; and market reach and collaboration services. It serves financials, cloud and IT, digital media, networking and carrier, healthcare, and mobile industries. The company was formerly known as CSP Holdings, Inc. and changed its name to The Telx Group, Inc. in December 2000. The Telx Group, Inc. was founded in 2000 and is headquartered in New York, New York. It operates data centers in the New York/New Jerse...

1 State Street

21st Floor

New York, NY 10004

United States

Founded in 2000

217 Employees

Phone:

212-480-3300

Fax:

212-480-8384

Key Executives for The Telx Group, Inc.

Chief Executive Officer
Age: 45
Chief Financial Officer and Executive Vice President
Age: 51
Senior Vice President of Operations and Service Delivery
Executive Vice President of Engineering & Construction
Age: 41
Senior Vice President, General Counsel and Secretary
Age: 51
Compensation as of Fiscal Year 2015.

The Telx Group, Inc. Key Developments

Telx Appoints Anthony 'Tony' Rossabi as Managing Director

Digital Realty Trust, Inc. announced the appointment of Anthony 'Tony' Rossabi as Managing Director of Telx. In his new position, Mr. Rossabi is responsible for the development and execution of global strategic initiatives for the company's Telx line of business. Mr. Rossabi's appointment has become effective and he reports directly to Chief Operating Officer Jarrett Appleby. Mr. Rossabi most recently served as Executive Vice President at Telx. Prior to joining Telx in 2012, Mr. Rossabi served as Senior Vice President of Global Carrier Solutions at Tata Communications.

The Telx Group, Inc. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2015

The Telx Group, Inc. reported consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of $164,233,000 against $141,242,000 reported last year. Income from operations was at $8,670,000 against $3,083,000 reported last year. Loss before income taxes was at $21,131,000 against $24,705,000 reported last year. Net loss was at $22,556,000 against $13,884,000 reported last year. Net cash provided by operating activities was at $32,839,000 against $20,379,000 reported last year. Purchases of property and equipment was at $23,749,000 against $42,110,000 reported last year.

Digital Realty Trust Reportedly Mulls A Bid For The Telx Group

Digital Realty Trust Inc. (NYSE:DLR) is considering a bid for The Telx Group, Inc. for more than $2 billion, according to sources. Digital Realty is one of several bidders for Telx, sources said. The auction for Telx, which is owned by ABRY Partners, LLC and Berkshire Partners LLC, is at its early stages, sources added. Telx, Digital Realty and Berkshire Partners declined to comment to Reuters, while ABRY Partners did not immediately respond.

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