Equinix, Inc., the global interconnection and data center company, announced it has entered into a definitive agreement to purchase a portfolio of 13 data centers across Canada from BCE Inc. (“Bell”) for US$750 million (CA$1,041 million) in an all-cash transaction. The 13 data center sites, which represent 25 Bell data center facilities, are expected to generate approximately US$105 million (CA$150 million) annualized revenue (Q4'20E LQA), which represents a purchase multiple of approximately 15x EV / adjusted EBITDA. The acquisition is expected to close in 2H 2020, subject to customary closing conditions including regulatory approval, and it is expected to be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share upon close, excluding integration costs.
Telecom Operators
Verizon and HERE announce strategic partnership
ExpiredVerizon’s 5G Ultra-Wideband and low-latency Mobile Edge Compute (MEC) infrastructure, combined with HERE Technologies’ highly precise mapping and advanced edge AI perception, are coming together to reimagine a future of enhanced road safety and precise localization for navigation.
T-Mobile, Sprint merger ready to close
ExpiredDeutsche Telekom’s T-Mobile US has announced that it is financially prepared to close its planned merger with Sprint, based on its previously secured commitments for bridge financing and senior credit facility financing.
AT&T steps up their ‘disaster recovery’ game
ExpiredWhen disaster strikes, keeping first responders and other customers connected is a priority – and the specific mission of AT&T’s Network Disaster Response (NDR) team. Unwavering commitment, continuous improvement, and deploying the latest in technology solutions for restoring service fast, has been the hallmark of the program since it began in 1992.
Verizon granted emergency capacity to meet demand
ExpiredThe US Federal Communications Commission (FCC) opened the door for Verizon to use additional spectrum to aid the operator in meeting increased demand for mobile broadband across the country during the Covid-19 pandemic.
StrataNet kicks off 2020 on the right foot
ExpiredStrataNet puts great effort in putting the right team in place in order to ensure a continued growth of the company and become the Telecom Infrastructure Company of the future. That is why, for its next phase of growth, it has appointed three well-known industry veterans to the senior executive team. The new appointments strongly position StrataNet to execute on the array of opportunities the business has developed over the past 2 years in Asia and beyond.
Bell Canada CEO calls Huawei’s gear “top notch”
ExpiredThe new head of Canada’s biggest telecommunications firm said Huawei Technologies Co.’s equipment is “top notch” and he’d like the option of working with the Chinese company as it rolls out a next-generation 5G network.
Sprint’s stock skyrockets after approval of merger agreement
ExpiredJust after the agreement on Sprint and T-Mobile’s merger, shares of Japanese conglomerate SoftBank Group witnessed an important soar of 12%, especially Softbank being a major shareholder of Sprint.
Zayo plans new fiber route connecting Montreal to Albany
ExpiredZayo Group Holdings, Inc. has a new 100G capable wavelength route from Montreal, Quebec to Albany, New York. The new route will provide multiple terabits of long haul transport capacity between Montreal and major northeast U.S. markets and is expected to be in service by January 2020.
FCC signs off Boulder-based Zayo Group
ExpiredThe FCC has concluded an agreement to be bought out by global investment firms Digital Colony and EQT Partners. The deal, approved by the FCC, includes Zayo Holdings Inc. and its subsidiaries Zayo Group, Electric Lightwave, and Allstream Business US. The control of the companies will be transferred to FrontRange TopCo, a company set up for the purposes of the buyout.