Equinix Acquires Data Centers in Chile and Peru

Equinix, a digital infrastructure company, announced on Tuesday that it completed the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of four data centers in Chile from Empresa Nacional de Telecomunicaciones S.A. (Entel) to expand in Latin America.

According to the press release, the firm signed a deal to purchase one additional data center in Peru from Entel. The enterprise value for the five data centers is approximately $735 million as of press time. Equinix expects the acquisition of the five data centers to have an immediate positive impact on adjusted funds from operations (AFFO) per share.

The closing of the acquisition of the Peruvian data center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term is expected within the next few quarters, subject to the satisfaction of closing conditions. Under current exchange rates, the five facilities generate approximately $55 million of annualized revenue, representing a multiple purchase of approximately 23x EV/2021 adjusted EBITDA, including Equinix SG&A expenses.

Data Centers Distribution

Equinix will become the new home for more than 100 Entel customers operating in the four data centers, including more than 75 new customers. In addition to over 20 NSPs and a strong financial services ecosystem, the acquired customers represent a diverse range of sectors.

"We continue to see demand from businesses in Latin America, across all sectors, looking to transform their operations to be digital and cloud-enabled. Equinix's expansion into Chile and Peru accelerates digital transformation opportunities in this rapidly growing region and is a critical step in our long-term strategy to broaden digital access for our customers globally. Chile's access to sustainable energy sources such as solar, hydro and wind helps our customers in the region, as well as multinationals doing business with them, to grow responsibly and sustainably, which aligns with our global sustainability strategy,” Tara Risser, the President at Americas of Equinix, commented.

In Chile, Equinix's four data centers will be connected through Equinix Fabric, Network Edge, Equinix Internet Exchange, Equinix Internet Access and Metro Connect after the business integration is completed.