Equinix, the global interconnection and data center company, today announced it has entered into a definitive agreement to purchase a portfolio of 25 data centers from Bell Canada for US$750 million in an all-cash transaction.
Charles Meyers, President and CEO, Equinix
The addition of these strategic assets, their associated operations and the more than 600 customers operating within the data centers will further strengthen Equinix’s global platform, which currently includes more than 210 data centers across 55 metros.
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.”
The acquisition will expand Equinix’s coverage in Canada coast to coast, making it a market leader in data center and interconnection services. In addition to adding new capacity in Toronto, Ontario, where Equinix currently operates two International Business Exchange (IBX) data centers, , it will extend Equinix’s interconnection services to seven new metros in Canada.
