Equinix to acquire BT Group’s data center business in Ireland

BT Group (BTGOF) and Equinix (EQIX) announced Monday that Equinix has agreed to acquire BT’s datacentre business in Ireland, which includes two datacentres in CityWest and Ballycoolin, Dublin. The EUR 59M transaction is expected to complete during the first half of 2025, subject to competition and regulatory clearance. The transaction follows a review of assets in Ireland and includes two optimally located, well-invested, and carrier-neutral facilities of approximately 150,000 gross square feet combined, a highly experienced team, and global as well as Irish customers. BT’s asset-light strategy internationally includes a transition away from owning and operating datacentre facilities, towards partnering with globally scaled organisations. This asset-light strategy and partnership approach for datacentre services gives BT a much more commercially scalable and flexible model that delivers multiple benefits to customers with services available in over 560 locations worldwide. In the coming months, Equinix will support the transition of the datacentres from BT, ensuring uninterrupted operations to customers and positioning the facilities as integral parts of Equinix’s global network.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on EQIX: