Data center colocation provider Cyxtera files for bankruptcy

Colocation provider Cyxtera Technologies has filed for Chapter 11 bankruptcy after spending the last few months trying to find a buyer or reduce its debt load. The company will now attempt to restructure through bankruptcy or perhaps a suitor will come along to buy out the company.

Meanwhile, the company says it will be business as usual for its customers, but with the reorganization that comes with Chapter 11, it’s hard to say whether that will last, according to Bill Kleyman, an independent consultant to data-center companies.

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