Equinix Acquires Istanbul Facility for $93M
ByIn a move to further enhance its global reach, Equinix purchased a facility from Zenium. This will be its second Istanbul data center, now renamed Equinix IS2. The company currently owns more than 180 International Business Exchange facilities across 44 markets, totaling roughly 17 million square feet. Earlier this year, Equinix closed a $3.6 billion deal with Verizon, acquiring a portfolio of 29 facilities across 15 markets.
GLOBAL REACH
Equinix acquired three buildings and surrounding land from Zenium for $93 million. Currently, 16,145 square feet represent active colocation space, with plans to increase it to 129,166 square feet and up to 22 megawatts of critical load. The facility generates approximately $2.5 million in annual revenues. Equinix IS2 will enhance the company’s ability to serve international clients, with Istanbul being a gateway between Europe and Asia. Turk Telecom is one of the 10 networks already present at the facility, providing options to businesses that rely on low-latency connectivity across continents…
