Equinix eyes more acquisitions

Equinix eyes more acquisitions

Equinix is said to be lining up more acquisitions in emerging markets, following its announcement in May that it will acquire Hong Kong-based data centre provider, AsiaTone, for $230.5 million.

According to reports, the company’s chief executive, Steve Smith, has said it is expected to acquire or open data centres in markets such as India, Korea and Russia.

The AsiaTone acquisition will provide Equinix with six data centres, as well as another data centre under construction in Shanghai, which will provide an additional capacity of 80,000 sq ft when completed.

At the start of this month, the company also completed its acquisition of European carrier neutral co-location and interconnection service provider ancotel. In May, Capacity reported that the company could use the move to explore opportunities in central and eastern Europe.

Eric Schwartz, president of Equinix EMEA, said that the deal will give the company a “significant” number of new CEE network customers. Schwartz declined to put an exact figure on the breakdown but confirmed that ancotel’s exposure to the region was a significant driver in the transaction.

Approximately one third of the 400 or more carrier customers listed on ancotel’s website hail from eastern Europe. “As CEE economies grow, they will require more connectivity with the rest of the world,” Schwartz told Capacity.