Equinix to pay USD3.6bn for Verizon data centres

7 Dec 2016

Redwood City, California-based Equinix has entered into a definitive agreement to purchase 24 new data centre sites and their operations from US telecoms giant Verizon Communications. The transaction has been valued at USD3.6 billion, and is expected to be an all-cash deal. The 24 sites contain a total of 29 data centre buildings across 15 metro markets in North and Latin America. Equinix says that the transaction expands its coverage to new markets such as Bogota (Colombia), Culpeper (Virginia) and Houston (Texas), and adds a total of more than two million gross square feet of co-location capacity across these, and existing key markets, such as Atlanta (Georgia), Denver (Colorado), Miami (Florida), New York (New York), Sao Paulo (Brazil), Seattle (Washington) and Silicon Valley (California).

A statement from the US firm reads: ‘Equinix is committed to adding new reach and capabilities to our global interconnection platform to give you proximity to key customers, partners and markets everywhere – to deliver concrete business benefits such as lower latency, reduced bandwidth costs and increased revenue.’

Equinix expects the transaction to close in mid-2017.

Brazil, Colombia, United States, Equinix, Verizon Communications