Shareholder group increases stake in Terremark to 10.67%

By Lisa Kerner

Charlotte, N.C., Feb. 9 - A group of Terremark Worldwide Inc. shareholders led by Talpa Beheer and Cyrte Fund increased their stake in the company to 10.67%, or about 4.6 million shares, according to a schedule 13D filing with the Securities and Exchange Commission.

Between Feb. 1 and Feb. 8, the investors purchased 744,000 Terremark shares priced between $7.63 and $8.45 per share. On Feb. 8, Terremark (Amex: TWW) closed at $8.58.

The reporting persons stated in the filing their intention to monitor their investment in Terremark and may choose to communicate with other stockholders, officers or directors of the company. There were no indications in the filing that Talpa Beheer and Cyrte would become activists at this time.

Miami-based Terremark provides colocation, exchange point and managed and professional services to the government and commercial sectors.

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