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Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today 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 facilities1, 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...
Published: 2020 - 06 - 04
Views:23
Swiss telecoms operator Sunrise Communications Group and French billionaire Xavier Niel’s Salt Mobile on Tuesday pledged to invest up to 3 billion Swiss francs ($3.09 billion) in a broadband partnership aimed at reaching 1.5 million homes by 2027.Sunrise, blocked by shareholders last year from buying Liberty Global’s Swiss UPC unit, is again pursuing a outside help, this time through a joint venture, as it seeks to compete with state-owned Swisscom, Switzerland’s largest telecommunications provider.Chief Executive Andre Krause, the former CFO who survived the UPC deal’s failure to become Sunri...
Published: 2020 - 05 - 20
Views:35
NVIDIA today announced the completion of its acquisition of Mellanox Technologies, Ltd., for a transaction value of $7 billion.The acquisition, initially announced on March 11, 2019, unites two of the world’s leading companies in high performance and data center computing. Combining NVIDIA’s leading computing expertise with Mellanox’s high-performance networking technology, the move will enable customers to achieve higher performance, greater utilization of computing resources and lower operating costs.“The expanding use of AI and data science is reshaping computing and data center architectur...
Published: 2020 - 04 - 29
Views:15
Two large wireless companies are now one company.This month Sprint merged with T-Mobile and are now one company under the T-Mobile banner. The deal is years in the making. T-Mobile launched its bid for Sprint in 2018, after having been rebuffed previously by federal regulators, according to the Associated Press.The completed merger now leaves three major U.S. wireless company – AT&T, Verizon and T-Mobile. A group of state attorneys general had previously tried to block the deal, arguing that having one fewer phone company would cost Americans billions of dollars in higher bills, according ...
Published: 2020 - 04 - 15
Views:12
As much of the US settles into a 'new normal' that includes spending a lot of time on the Internet to avoid spreading the novel coronavirus, the nation's telecom operators are recording new traffic records almost every day.Importantly, all that traffic may have significant implications – including financial implications – for a wide range of players in the industry.Beyond those monetary ramifications, the pandemic could even shift the perception of network connections from the nice-to-have category into the must-have category among policymakers and others.'If it wasn't clea...
Published: 2020 - 04 - 01
Views:20
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