DigitalBridge-backed Vantage Data Centers and data center provider Equinix are both reportedly considering selling their assets in Hong Kong. Vantage Data Centers, based in Denver, Colorado, is working with a financial adviser and has reached out to prospective investors to gauge interest in a potential sale of its Hong Kong data centers, which could be valued at $300 million to $500 million. This move is part of Vantage Data Centers' efforts to optimize its portfolio and focus on its core operations [2a0f39e7].
Equinix, on the other hand, is looking to sell a minority stake in its Hong Kong data centers in a deal that could provide the company with $2 billion in cash. The data center provider has hired Citigroup to work on the deal. Despite the potential sale, Equinix remains 'fully committed' to its facilities in Hong Kong. Equinix is one of the world's largest data center providers, with 260 data centers in 33 countries and 71 cities. The company expects revenue growth this year of between 7 percent and 8 percent [9eb5fe63].
