Equinix sells off 8 data centres for $874m

Equinix has announced the sale of eight data centres across Europe to Digital Realty Trust for approximately $874 million.

The deal forms part of a trade-off with competition authorities, as part of the agreement to acquire Telecity which was completed in January. For the acquisition to be accepted by the European Commission, eight data centres had to be relinquished by Equinix, which have now been confirmed as:

Recently acquired Telecity assets:

Existing Equinix assets:

The $3.8 billion acquisition of Telecity added 34 data centres to the Equinix portfolio, and more than doubled the company’s footprint in Europe. Equinix claims it is now the largest retail colocation provider in Europe and globally. Through the deal, Equinix opened up new markets in Dublin, Helsinki, Istanbul, Manchester, Sofia, Stockholm, and Warsaw, now totalling 145 IBX data centre facilities in 40 markets worldwide.

“Equinix’s acquisition of TelecityGroup added critical network and cloud density to better serve our global customers,” said Steve Smith, CEO at Equinix. “Completing this last milestone in the acquisition process paves the way for us to focus fully on helping our enterprise customers leverage our highly interconnected, global data centers for accelerated business performance and innovation.

“Additionally, the purchase of the Paris facilities is an important step in managing our real estate portfolio and ensuring we have the ability to add more capacity in this key market in the future.”