Bell Canada has agreed to sell 25 data centres at 13 locations to Equinix Inc. for $1.04 billion in cash.
The Montreal-based telecommunications company will retain five other data centres.
Bell says the deal includes a partnership with Equinix.
Get daily National news
Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
READ MORE: Here’s why some Canadian internet providers have hiked prices despite coronavirus
Equinix’s global platform currently includes more than 210 data centres internationally.
- Advocates brace for possible influx of Haitian asylum seekers as U.S. protections end
- Kelowna businesses see economic boost as BC Summer Games draw thousands
- Montreal Pride boosting security ahead of festival after deadly Berlin attack
- Minister vows probe of ‘quite serious’ charges against Canadian NATO intern
Bell says the deal reflects its focus on investing in the network infrastructure, content and services.
The deal is expected to close in the second half of 2020 subject to regulatory approval and completion of other conditions.
Comments
Want to discuss? Please read our Commenting Policy first.