Will EQT Take Out EdgeConneX?

October 16th, 2019 by · Leave a Comment

Somehow I didn't see this one from over the weekend. Rumors are suggesting that EQT is in the market for some new infrastructure, engaging in talks with the edge data center provider EdgeConneX about a buyout.

The deal would supposedly be worth $2.5B or more. EdgeConneX's footprint now spans 40+ data centers, mostly in the US but with several in Europe and a recent expansion down to Argentina. It's hard to believe they've been buildout out that footprint for 10 years now.

Infrastructure funds like EQT have become the biggest buyers of internet infrastructure out there, and EdgeConneX's unique approach to the edge interconnection market would fit well with their other purchases. Hence, it's a very believable rumor, though of course in the end it's about whether the price is right.  And right now it's just a rumor, EQT and EdgeConneX are not talking.

EQT is also currently in the process of buying Zayo alongside Digital Colony.

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Categories: Datacenter · Mergers and Acquisitions

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