Verizon sells 29 data centers to Equinix for $3.6bn

Global data center company Equinix has bought 29 data centers, along with their operations, from Verizon Communications. Approximately 250 Verizon employees will also become Equinix employees in the process. The deal, worth $3.6 billion, will be completed in all cash. It includes more than 1,000 customers, 600 of which are net new. Verizon will now, consequently, become a substantially larger customer. It also includes roughly a million square meters of data center space. Thanks to the acquisition, the company will also be moving into three new markets, Bogotá, Culpeper and Houston. Equinix says the acquisition further broadens its capabilities by strengthening… [Continue Reading]