Equinix's $175m acquisition of three data centers in Mexico has closed.
Mexican telco Axtel owned the data centers in order to serve clients in Mexico City and Monterrey. According to Equinix, the data center generated millions in revenue for Axtel last year.
To date, Equinix has invested more than half a billion dollars into Latin American operations including Brazil, Colombia, and now Mexico.
The company announced its acquisition plans back in October, with Equinix now operating 215,000 square feet of colocation space in Mexico, with room to expand up to 60,000 square feet at the Monterrey facility.
“Customers are seeking new locations to keep their data in proximity to points of consumption and as a part of this evolution, our enterprise and service provider customers have a strong desire to interconnect at the digital edge in Mexico," said Equinix’s Americas president, Jon Lin.
“The three Axtel data centers that serve the Mexico City and Monterrey metros provide an optimal market entry for Equinix to bolster operations in the region and facilitate even greater interconnection within the Americas region and between the Americas, Asia, Australia, and Europe."
Axtel is not exiting the data center business: it had at least six in 2017, when it opened a MXN450 million (US$25m) data center in Querétaro, with plans at the time to expand the 3,600 sq m (38,750 sq ft) facility.