Equinix seals USD175m takeover of Axtel data centres

10 Jan 2020

California-based Equinix has announced the completion of its all-cash USD175 million acquisition of three data centres from Mexican operator Axtel, as agreed in October last year. Two of the data centres serve Mexico City, while the third serves Monterrey.

The transaction represents the latest notable asset divestment by Axtel, which is owned by Mexican industrial conglomerate Alfa. In December 2018 Axtel agreed to divest part of its fibre business to domestic media conglomerate Grupo Televisa and in May 2019 it signed a definitive agreement for the sale of its fibre-optic business in Leon, Puebla, Toluca, Guadalajara and Queretaro to domestic rival Megacable. When it concludes, the latter transaction will seal the telco’s exit from the B2C sector.

Mexico, Axtel, Equinix