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…
Latest Posts:
- Darryll Dewan Unveils Top Data Center Trends for 2024
- A quick roundup of the news in Telecoms | Week #16
- Fujitsu and Oracle Collaborate on Sovereign Cloud and AI Solutions
- Comcast Expands Now Brand to Address Connectivity Needs Post-Affordable Connectivity Program Closure
- LogRhythm’s RhythmWorld Europe Cybersecurity Summit Returns to Share Strategies for Cyber Resilience and Mitigating Future Threats
- Balancing Market Unity and Diverse Telecom Opportunities in EU
- Bharti Airtel, Dialog Axiata Merger: Impact on Sri Lanka’s Telecom Landscape
- NBN Achieves Groundbreaking Speeds with 100G PON Technology
- Smartphone Market Poised for Rapid Growth with Rise of GenAI Capabilities
Tag