Acquisition of 29 data centres from Verizon

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Equinix has announced the completion of its acquisition of 29 data centres and their operations from Verizon Communications. The $3.6 billion all cash transaction includes over 1,000 customers, of which over 600 are net new, and approximately three million gross square feet of data centre space.

The acquisition of these strategic facilities further broadens Equinix’s capabilities by: strengthening interconnection density on the Equinix global platform; accelerating business relationships in the government and energy sectors; and supporting Equinix’s enterprise offering. Spread across 15 cities in North and Latin America, the new assets bring Equinix’s total global footprint to over 175 International Business Exchange (IBX) data centres across 44 markets and approximately 17 million gross square feet.

Steve Smith, CEO, Equinix, commented: “As the technological shift to digital is transforming large sections of society and the global economy, companies are re-architecting their IT infrastructure to thrive in this new environment. They are moving from traditional centralised infrastructure to a distributed model that keeps data closer to the customers, partners and employees using it.  With this significant expansion of Equinix’s globally consistent footprint, our platform is even more valuable to companies that are leveraging this new model of interconnection at the digital edge.”

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