Briefing

Bell Canada sells 25 of its 30 data centres to Equinix for $1.04 billion

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The acquisition, which is expected to close in the second half of 2020, will generate $150 million in yearly revenue for the California-based company. The deal includes a strategic partnership between Bell and Equinix, the world’s largest data centre and colocation provider. (The Canadian Press)

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Talking point: “This transaction strengthens Bell’s strategy to focus on investing in the network infrastructure, content and services needed to transform the way Canadians communicate with each other and with the world,” said Bell CEO Mirko Bibic. Bell will continue to own and operate five data centres in the country. For Equinix, it represents a major expansion in Canada, where it’s been active for more than a decade; the company gets 500 net new clients via the transaction.