EQUINIX INC acquires Entel data centers (Chile & Peru)

EQUINIX INC acquired Entel data centers (Chile & Peru) for Enterprise value of approximately US$705 million at announcement; at close, Entel Chile (four data centers) for approximately $638 million plus Entel Peru (one data center) for approximately $80 million, a transaction completed in May 2022, structured as all cash.

Entel data centers (Chile & Peru) operates in Data centers / colocation - Americas (Chile & Peru), is based in Chile (4 data centers) and Peru (1 data center). Data centers acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel"), a leading Chilean telecommunications provider - four data centers in Chile (closed May 2, 2022, ~$638 million) and one in Peru (closed August 1, 2022, ~$80 million). The deal marked Equinix's expansion into Chile and Peru.

Equinix announced its planned expansion into Chile and Peru through the Entel acquisition, entering a growing data center and cloud hub to accelerate digital transformation for local businesses and multinational companies; expected to be immediately accretive to AFFO per share.

Entry into Chile (highest GDP per capita in South America) and Peru; expected immediately accretive to AFFO per share. Established Equinix in two new South American markets, extending Latin American coverage on Platform Equinix. Equinix Americas region Equinix FY2024 10-K: "On May 2, 2022, we further expanded in Latin America through an acquisition of four data centers in Chile from Entel ... for a total purchase consideration of $638 million ... On August 1, 2022, we completed the acquisition of a data center in Peru from Entel for a total purchase consideration of $80 million."

Advisory firms were not disclosed for this transaction.