Trends

Equinix considers to sell minority stake in Hong Kong assets

AuthorZora Lin

Reading Time2 min

PublishedJuly 15, 2024

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Headline

Context

OUR TAKE Founded in Silicon Valley in 1998, Equinix has expanded globally and now has about 260 data centres worldwide, including nine markets in the Asia Pacific region, with top partners such as Amazon Web Services, Google Cloud and Oracle. The Nasdaq-listed company has a market capitalisation of $75.7bn, according to LSE data. –Zora Lin, BTW reporter Global data centre operator Equinix is considering selling a minority stake in its Hong Kong data centre facilities, valuing the assets at about $2 billion, according to sources. Equinix has hired Citigroup to manage the sale.

Evidence

Pending intelligence enrichment.

Analysis

This California-based company may sell a 25 percent stake in its Hong Kong data centre, one of the sources says. With five data centres in Hong Kong, Equinix serves hundreds of enterprises across a wide range of industries, including more than 200 cloud and IT services and more than 105 network services. A spokesman for Equinix says the company is fully committed to its Hong Kong operations. “Equinix Hong Kong is an important connectivity hub for our customers around the world. We will continue to invest in future growth to ensure our customers can confidently deploy in Hong Kong.” Also read: Talen faces utility challenge over Amazon data centre deal

Key Points

Data centre operator Equinix is considering selling equity assets valued at about $2 billion in its Hong Kong data centre facilities.
Data centre transactions and investments reflect the central position of data centres in the global digital economy continues to strengthen.