Equinix is investing $750m (€674.6m) to buy a portfolio of data centres across Canada from BCE (Bell).
The US-based data centre firm said it has entered into an agreement to buy the portfolio of 13 data centres in an all-cash transaction.
The 13 data centre sites, which represents 25 Bell data centre facilities, will further strengthen Equinix’s global platform, which currently includes more than 210 data centres.
Charles Meyers, President and CEO, Equinix, said: “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.”
Jon Lin, president, Americas, Equinix, said: “The acquisition of these 13 strategic assets further extends the depth and breadth of Equinix’s global platform, which currently spans 26 countries and 55 metros.”
Additionally, it opens key gateways for North America to Asia through Vancouver and North America to Europe through the submarine cable systems in the Millidgeville area, Lin said.
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