Equinix, Inc. (NasdaqGS:EQIX) intends to acquire Four Data Centers from Empresa Nacional de Telecomunicaciones S.A. (SNSE:ENTEL) for an enterprise value of $705 million on March 17, 2022. Equinix, Inc. (NasdaqGS:EQIX) entered into a definitive agreement to acquire Four Data Centers from Empresa Nacional de Telecomunicaciones S.A. (SNSE:ENTEL) on March 18, 2022. Approximately 120 Entel employees and contractors are expected to become Equinix employees or contractors under the terms of the agreement.

Four Data Centers reported annual revenue of $53 million. The acquisition is expected to close in Q2 of 2022, subject to the satisfaction of customary closing conditions, and is expected to be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share upon close, excluding integration costs. Citi served as exclusive financial advisor to Equinix in connection with this transaction.

Bank of America acted as a financial advisor to ENTEL. Carey and Rebaza, Alcázar & De Las Casas acted as a legal advisor to Equinix. Claro Y Cia acted as a legal advisor to ENTEL.