Dutch Investor Builds Stake in Terremark

Dutch media mogul John de Mol has accumulated a 13.25% stake in shares of Terremark Worldwide, the operator of the NAP of the Americas in Miami, according to Insider Score. de Mol is a billionaire one of the founders of Endemol, the reality TV company that brought us Big Brother, Fear Factor and Deal or No Deal. Endemol was later bought by Spanish telephone company Telefonica.

de Mol is buying Terremark shares through his Cyrte Investments vehicle, which specializes in telecom and tchnology companies. de Mol’s stake reached 5 percent on December 13, when shares closed at $6.98. Cyrte bought another 1.1 million shares of Terremark between Feb. 12-21, increasing his stake to 5.935 million shares. Shares closed Thursday at $8.90.

After the bell yesterday, Terremark filed a shelf registration, saying it may sell up to $100M in financial instruments, according to Reuters. The company plans to use the proceeds for general corporate purposes, which may include debt repayment, working capital, capital spending, acquisitions, joint ventures, and stock repurchase programs.

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About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.