image credit: Unsplash

Equinix Polishes Off BCE Data Center Deal

October 2, 2020


Equinix announced yesterday the closing of a major expansion north of the border. In a deal I managed to miss entirely when it was announced back in June, Equinix has acquired 13 data centers from BCE Inc., the parent company of Bell Canada.

The purchase price was $780M in cash, and gives Equinix a major presence in the Canadian colo market. The 13 facilities add more than 500 new customers and 160 employees to Equinix’s rolls, as well as 1.2M gross square feet of space. The facilities generate some $112M in annualized revenue, and the deal will be immediately accretive to Equinix’s adjusted funds from operations per share.

Read More on Telecom Ramblings