Tag

AGREEMENT

Browsing

Hosting and colocation service provider Equinix has announced an agreement to purchase a portfolio of 13 data center sites across Canada from BCE Inc., the massive telecommunications and media conglomerate, and the corporate parent of Bell MTS and Bell Canada. The company expects to close this USD 750 million deal in the second half of 2020. The 13 data center sites that will join California-based Equinix’s portfolio represent 25 individual facilities and are expected to generate annual revenues of approximately USD 105 million. In addition to cementing a stronger foothold in the third-largest economy in the Americas, Equinix will also gain more than 600 customers that are currently operating within the Bell data centers. Equinix is already the world’s largest data center and colocation provider, with a network of more than 210 facilities across 55 metros. The company’s main business is hosting the technology infrastructure of third party organizations. “Canadian businesses…

At the recent Sino-German Economic Forum, China Mobile and Nokia signed a one year framework agreement valued at 1.36 billion euro (9.927 billion yuan) to support the Chinese operator’s transition to 5G infrastructure, while maintaining seamless connectivity. Under this agreement, the Finnish corporation will be providing the Chinese telecom with cutting edge end-to-end technologies for the next generation network, in addition to mobile, fixed, IP routing, optical transport and customer experience management technologies along with their service expertise and support. The two companies have been in partnership since 1994, when Nokia supported the first GSM call on China Mobile’s network. In addition to collaborating on 5G, both companies are moving forward together and have agreed to conduct research and tests on artificial intelligence and machine learning. “This is a highly significant agreement with our longstanding partner that consolidates Nokia’s position as a leading provider of next-generation technologies and services in…