this post was submitted on 24 Jun 2023
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First I'm hearing about it. It all reads stinky and I don't like it. But a great educational rabbit hole to explore at work tomorrow, thank you for helping me be aware!
As for the land purchase,
KDDI is a Japanese telecommunications provider and Fortune Global 500 company that owns and operates data-centres in Asia, Europe and the United States through its subsidiary, Telehouse.
ooo global fortune isn't enough, they gotta get telehouse EVERYWHERE I see it!!!
Buutt as an investment opportunity, what's the play here? I couldn't help but notice that little bit, "Allied will use approximately $1 billion of the proceeds to retire debt and the balance to fund its...", related hmm? I don't see why not, but will it even go through?
The sale finalizes on 3rd quarter which also seems really fast, but there's still time for shenanigans.