Equinix, inc. (reit) (nasdaqgs:eqix) entered into an agreement to acquire mexico based three data centers of axtel, s.a.b. de c.v. (bmv:axtel cpo) for approximately $180 million.

Equinix, inc. (reit) (nasdaqgs:eqix) entered into an agreement to acquire mexico based three data centers of axtel, s.a.b. de c.v. (bmv:axtel cpo) for approximately $180 million on october 4, 2019. the consideration is payable in cash. axtel will retain a small minority ownership position in the three sites. the three facilities generated approximately $21 million of revenues in the 12 months ending december 31, 2018. approximately 40 axtel employees and contractors, primarily in the operations functions of the acquired facilities, will become equinix employees or contractors. transaction is subject to customary closing conditions including regulatory approval. the transaction is expected to close in the first quarter of 2020. ebitda margin profile accretive to the equinix business. citigroup inc. acted as financial advisor to axtel.
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