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Home > Data Center > Equinix to acquire 4 data centers for $705 million

Equinix to acquire 4 data centers for $705 million

Equinix announced its planned expansion into Chile and Peru through its intended acquisition of four data centers.


Erdem Yasar Erdem Yasar
March 21, 2022
1 min read
Equinix to acquire 4 data centers for $705 million

Digital infrastructure company, Equinix announced its planned expansion into Chile and Peru through its intended acquisition of four data centers from a leading Chilean telecommunications provider, for an enterprise value of approximately US$705 million. The acquisition is expected to close in Q2 of 2022, subject to the satisfaction of customary closing conditions, and is expected to be immediately accretive to Equinix’s adjusted funds from operations per share upon close, excluding integration costs.

Chile and Peru

The transaction includes three data centers in Chile; the transaction may also include one data center in Peru pending the finalization of a definitive agreement. When closed, the transaction will expand Equinix’s coverage in this strategic market, solidifying its leadership as the top regional provider of digital infrastructure services.

Charles Meyers, President and CEO of Equinix
Charles Meyers, President and CEO of Equinix

With three data center sites in Santiago, Chile, the transaction also includes significant expansion capacity for future growth in Santiago, allowing Equinix to support both immediate and future growth in the region. Under the terms of the agreement, Equinix and Entel have agreed to form a strategic partnership to enable enterprises in Chile and Peru to leverage hybrid multi-cloud solutions to accelerate their digital transformation. Charles Meyers, President and CEO of Equinix said,

« Latin America holds enormous potential, and our commitment to the region has exponentially grown since we entered back in 2011,” said Charles Meyers, President and CEO, Equinix. “Chilean, Peruvian and multinational companies are thirsting for the digital infrastructure required to thrive in today’s economy; with today’s expansion, we’re broadening digital access and accelerating digital transformation across Latin America, while supporting growth in a responsible and sustainable manner. »

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Tags: Equinix
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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