telecity


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Related to telecity: Telicity

telecity

The ultimate manifestation of telecommuting, in which a city is defined by its high-speed networks rather than its size. Some envision this as "the" goal for organizations in the 21st century, in which decentralization and the telecommuter are expected to become the norm. See virtual company.
References in periodicals archive ?
But in 2004, 60% of our customers were corporates, and they are increasingly opting for more and more services," says Rick Hudson, CEO of TeleCity.
This must be considered part of the twentyfirst-century telecity conception.
The Scottish Internet Exchange Ltd, which wishes to be known as ScotiX, has appointed TeleCity Ltd, which already handles the existing hubs in London and Manchester, to manage the co-location facility.
He envisions a Pacific telecity consisting of Japan, Canada, and the United States, the three nations that are, arguably, the most advanced in terms of information systems.
As part of move to acquire Telecity Group, Equinix has completed the sale of 8 European data centres assets to Digital Realty Trust for $874 million.
Equinix intends to use the net proceeds of the offering, together with the net proceeds of the offering of USD750.0 million of its common stock, the net proceeds of a proposed senior secured term loan that it intends to seek in an aggregate principal amount of up to approximately USD700 million and cash on hand, for merger and acquisition activities and repayment of indebtedness for the entire issued and to be issued share capital of Telecity Group plc and repayment of existing TelecityGroup indebtedness in connection therewith and for general corporate purposes.
AGMs: Perform Group, Porvair, RIT Capital Partners, Telecity Group.
MAJOR MOVERS UP 1753 BSS 29738 +2538 Stobart Gp 110 +878 1960 Daejan Hldgs 2300 +181 1028 GKN 11334 +812 GldmnSchsDyn(E) 118 +18 Paypoint 51312 +3612 3742 Renishaw 442 +31 1433 SEGRO 29012 +2014 BluebyAsstMgt 26558 +1758 1403 Rotork 938 +61 4932 Victrex 715 +45 1996 Domino Print 26138 +1638 DOWN 4848 William Hill 168 -1814 1441 Standrd Chrtrd 1328 -108 5629 SDL 340 -2658 1942 Ladbrokes 16718 -1212 1036 Legal & General 6218 -318 9015 QinetiQ 135 -658 3438 Antofagasta 762 -35 4588 Investec 40614 -1314 3391 SSL Intl 545 -1512 2146 Cobham 17634 -478 4949 Anglo American 1971 -52 Telecity 334 -778
However, the UK regions have exhibited the ability to attract major players with the likes of Freeserve located in Leeds, Telecity in Manchester and Marconi and Oracle in Birmingham.
Includes $40.7 million of adjusted EBITDA from Telecity
If for any reason the Telecity Acquisition is not completed, then Equinix intends to use all of the net proceeds from the offering for general corporate purposes.
Name period Pre-Tax Figures (profit +, loss -) Dividend African Barrick Gold Yr to Dec 31 US$119.25m (-$283.45m) 16.30c (u/c) Anglo Pacific Group Yr to Dec 31 PS14.22m (-PS34.23m) 10.20p (+0.45p) Reckitt Benckiser Yr to Dec 31 PS2.42m (+PS0.04m) 134.00p (+9.00p) Telecity Group Yr to Dec 31 PS76.15m (+PS16.71m) 7.50p (+7.50p) Tullow Oil Yr to Dec 31 US$1.12m (+$0.05m) 12.00c (u/c) NOTE: List is not necessarily comprehensive as companies are not obliged to notify the Stock Exchange of imminent announcements