The Hot Aisle - Latest Comments in What is the Credit Crunch doing to Interxion?

Re: What is the Credit Crunch doing to Interxion?

thehotaisle — Wed, 15 Oct 2008 18:59:18 -0000

Hi Alan,

Sometimes no news is good news, however in the current financial crisis most folks are keeping a low profile and either canceling investment plans or delaying them because they can't raise the funding. The wholesale market has completely collapsed. The point I was making in the article is that Fortis don't exist anymore so I guess that unless InterXion drew down the funds before Fortis disappeared, the revolving facility is short of a few quid...

Steve

Re: What is the Credit Crunch doing to Interxion?

Alan Crean — Wed, 15 Oct 2008 09:08:29 -0000

I would imagine that they are in a good position as the contracts were well tended to and the funding lines were secured by contract. As InterXion have made no negative noises hey seem fine - the banks are liquid currently according to the S&P view, so all should be fine.

This is not actually all based on any insight on Interxion, but as a business in a versimilar position to them, the banks are delighted to have performing businesses on their books................especially as no one else is trying to borrow any money.

I have a start up - its 2 years old this Christmas - it has only just moved to being profitable - it is cash hungry - and the bank love me today, and have lots of time to spend with me, all because everything else just stalled over the Summer.

I used to tell people I had a Business Process Software Company, and did OK - now I tell them we make software for the 3 R's (Regulation, Risk, Recession) and we have wind in our sails.

Its a reseccion - get into a little debt and its your problem - start a business and get into a load of debt and you become their problem - and problems get attention

Re: What is the Credit Crunch doing to Interxion?

Sune Christesen — Wed, 08 Oct 2008 16:08:29 -0000

David:
It's correct that Interxion haven't got any there, here's a map of some others in Portugal:
http://www.datacentermap.com/datacenters/countr...
Carrierhouse Lisbon is the primary location in Portugal as far as I know.

Re: What is the Credit Crunch doing to Interxion?

DavidMorgan — Wed, 08 Oct 2008 14:46:01 -0000

As far as I know InterXion do not have a facility in Portugal , does anybody know of a carrier neutral data centre in Portugal ?