US colo giant Equinix is reportedly mulling the sale of a minority stake in its Hong Kong data centers.
Reuters reports the company has hired Citigroup to run the sale, valuing the assets at around $2 billion.
Citing people with knowledge of the matter, Equinix is said to be looking to sell 25 percent of its Hong Kong portfolio in a move to ‘capitalize on the boom in demand from artificial intelligence’.
An Equinix spokesperson told Reuters: "Equinix Hong Kong serves as a key interconnection hub for our global customer base. We will continue to invest in future growth to ensure our customers can deploy in Hong Kong with confidence.”
Equinix operates five data centers in Hong Kong, all on separate sites. According to the company’s Q4 2023 earning presentation, Equinix is leasing all five sites – HK2-5 are all listed as stabilized assets.
Earlier this year, Vantage was said to be exploring a potential sale of its Hong Kong portfolio. Global Switch and AirTrunk – which both operate facilities in Hong Kong – are in the process of finding buyers.
