Deals
Equinix Nears Deal to Buy Axtel's Mexico Data Centers
- Deal values Axtel’s data business at around $200 million
- Gives Equinix a beachhead to expand in Mexico, challenge Slim
Photographer: Susana Gonzalez/Bloomberg
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Equinix Inc. is in advanced talks to buy Mexican telecom firm Axtel SAB’s data centers for around $200 million, according to people familiar with the matter, a deal that would give the real estate investment trust a foothold for expansion in Latin America’s second-largest economy.
The Redwood City, California-based company could soon announce a deal for a majority stake in the business, said the people, who asked to not be identified because the matter isn’t public. Axtel plans to keep a minority stake, they said.