Cyrte continues to build stake in Terremark with purchase of more than 500,000 shares

By Lisa Kerner

Charlotte, N.C., March 6 - Cyrte Fund increased its stake in Terremark Worldwide Inc. to 13.95% from 10.67% with the purchase of 527,400 shares from Feb. 21 through March 5 priced between $7.44 and $8.99 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

Between Feb. 1 and Feb. 8, a group of investors led by Cyrte and Talpa Beheer purchased 744,000 Terremark shares priced between $7.63 and $8.45 per share.

On Monday, Terremark (Amex: TWW) closed at $7.19.

In a previous SEC filing, Cyrte and Talpa Beheer said they may choose to communicate with other stockholders, officers or directors of the company.

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

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