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CoreSite Acquires Denver Gas and Electric Building, #1 Network-Dense Asset in the Rocky Mountain Region

1. CoreSite, an AMT subsidiary, acquires a key Denver data center for connectivity. 2. The acquisition enhances AMT's position in AI-related infrastructure and critical workloads.

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FAQ

Why Bullish?

This acquisition strengthens AMT's data center network, boosting potential revenues similar to past strategic expansions.

How important is it?

The acquisition directly supports AMT's strategy in critical AI and data workloads, likely elevating market sentiment.

Why Long Term?

Enhancing connectivity and infrastructure positions AMT for sustained growth as AI demands increase.

Related Companies

CoresiteEQIXDLR
DENVER--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, today announced the acquisition of the Denver Gas and Electric Building and its related operating businesses. Located at 910 15th Street in the heart of downtown Denver, the historic carrier hotel serves as the primary point of interconnection in the Rocky Mountain region and currently hosts CoreSite's DE1.

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