Expired

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.

Read more: Bell Canada sells 13 data center sites

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StrataNet 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.

Read more: StrataNet kicks off 2020 on the right foot

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The 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.

Read more: FCC signs off Boulder-based Zayo Group

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