Bell to Sell 25 Data Centres to Equinix for $1.04 Billion
Bell has announced it has agreed to sell 25 data centres to U.S.-based Equinix in an all-cash deal worth $1.04 billion CAD. The sale will see data centres from 13 sites shift to data centre company Equinix.
Mirko Bibic, President and CEO of BCE Inc. and Bell Canada, said in a statement, “Equinix, with its expanding platform of data centres here in Canada and worldwide, is well-positioned to maximize the opportunities these facilities represent for Canadian businesses in an increasingly global and interconnected data sector.”
Bell says 13 sites with 25 Bell data centres in 8 cities across the country will be sold to California-based Equinix, while it will still own and operate five other locations in Calgary, Halifax, Saint John, St. John’s and Toronto.
Also announced today as part of the deal is Bell Business Markets becoming the first Equinix Platinum Partner in Canada, offering enterprise customers access to Equinix network and cloud solutions.
“We look forward to working together to enhance the reach of our customers’ growing global digital operations while ensuring Canada remains a world leader in digital transformation,” said Tom Little, President of Bell Business Markets.
The Bell transaction with Equinix is subject to regulatory approval and closing conditions, with the deal expected to complete in the latter half of 2020.