Equinix announced that the company is acquiring 13 Canadian data centers from Bell, for $750 million in an all-cash transaction. These new data centers are expected to generate approximately $105 million in annualized revenue. The acquisition is expected to close in 2H 2020, subject to customary closing conditions including regulatory approval. 600 customers operating within the data centers will also strengthen Equinix’s global platform.
Coast to coast coverage
Equinix and Bell will begin a strategic partnership to enable enterprises in Canada to leverage hybrid multi-cloud solutions. Equinix will expand its coverage in Canada coast to coast, making it a market leader in the data center and interconnection services. It will extend Equinix’s interconnection services to seven new metros.
These metros include Calgary, Alberta; Kamloops and Vancouver, British Columbia; Millidgeville, New Brunswick; Montreal, Quebec; Ottawa, Ontario; and Winnipeg, Manitoba. Charles Meyers, President and CEO, Equinix said,
“Canadian businesses are in the midst of a significant transformation as they evolve their operations to be increasingly digital and cloud-enabled. With a platform that enables companies to increase the scale, reach and connectivity of their growing digital businesses, Equinix provides a compelling vision for businesses to rapidly and broadly interconnect with the people, locations, cloud services and data that matter most to their business.
This expansion is a significant win for Canadian businesses, as well as for multinational companies that can leverage Platform Equinix to increase their digital presence in Canada by interconnecting to a rich ecosystem of customers, business partners and other strategic companies in Canada.”