Equinix to Expand Canadian Operations with US$750 Million Acquisition of 13 Bell Data Center Sites
The addition of these strategic assets, their associated operations and the more than 600 customers operating within the data centers will further strengthen
The acquisition will expand
Highlights / Key Facts
Canadais the third largest economy in the Americas, and the 10th largest in the world.2 It is a high-growth market with a business focus on accelerating cloud adoption, and major cloud players have increased investments in Canadato accommodate this demand.
- The 13 data centers, six of which are owned assets, will add approximately 1.2 million gross square feet of data center space and 400,000 square feet of colocation space to Platform Equinix. The facilities will also provide a platform for future expansion in
- More than 600 Bell customers currently operating within the 13 data centers will become
Equinixcustomers, with more than 500 of these representing net new customers. The acquired customers comprise a diversity of sectors and segments, including enterprise, cloud and IT, government and financial services.
- The strategic partnership between
Equinixand Bell plans to deliver integrated networking and hybrid multicloud services, both directly and through the combined partner ecosystems of the two companies. The joint offering will combine Bell's telecommunications services and technology expertise with Equinix'sglobal platform of interconnected data centers and business ecosystems.
- Over time,
Equinixplans to introduce Equinix Cloud Exchange Fabric™ (ECX Fabric™) to all 13 data centers. ECX Fabric is an on-demand, SDN-enabled interconnection service that allows any business to connect between its own distributed infrastructure and any other company's distributed infrastructure, including the world's largest network service and cloud providers, on Platform Equinix.
- The acquisition of the 13 Bell data centers will further extend
Equinix'sability to provide businesses with the direct and secure connectivity they need to expand their global reach in new and existing markets. According to Volume 3 of the Global Interconnection Index, interconnection is becoming an essential building block of the digital economy. By providing additional interconnection capacity in these key markets, Equinixcontinues to play an important role in helping companies extend their IT operations to the digital edge through the interconnection of people, locations, clouds and data.
- Citi and J.P. Morgan acted as financial advisors to
Charles Meyers, President and CEO, Equinix
"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,
Equinixprovides 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 Canadaby interconnecting to a rich ecosystem of customers, business partners and other strategic companies in Canada." Jon Lin, President, Americas, Equinix:
"The acquisition of these 13 strategic assets further extends the depth and breadth of
Equinix'sglobal platform, which currently spans 26 countries and 55 metros. It will position Equinixas a market leader for data center and interconnection services in Canada, with high-quality assets from coast to coast and a large, diversified ecosystem of Canadian businesses. Additionally, it opens key gateways for North Americato Asiathrough Vancouverand North Americato Europethrough the submarine cable systems in the Millidgeville area." Tom Little, President, Bell Business Markets:
"Our partnership with
Equinixwill further accelerate digital transformation opportunities for Canadian enterprise customers, combining access to Equinix'sinterconnected global data centre platform with Bell's advanced broadband network connections, wide range of cloud solutions and experienced professional services team."
Canadafrom Coast to Coast [blog]
- Worldwide Colocation and Interconnection Services 2019-2020 Vendor Assessment [IDC report]
- Infrastructure Is Everywhere [Gartner report]
- Learn more about Platform Equinix [website]
- Global Interconnection Index, Volume 3 [market study]
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the acquisition of data centers from Bell, the expected benefits from the acquisition and the expected timing for closing the acquisition. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic, unanticipated costs or difficulties relating to the integration of data centers or companies we have acquired or will acquire into
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