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Verizon to Sell 24 Data Centers Sites to Equinix for $3.6 billion

Verizon to Sell 24 Data Centers Sites to Equinix for $3.6 billion Image Credit: Verizon

Data center provider, Equinix has entered into an agreement to purchase a portfolio of 24 data center sites and their operations from Verizon for $3.6 billion. 

The transaction includes 29 data center buildings across 24 sites in 15 metro areas, including Atlanta (Atlanta and Norcross).

The addition of these strategic facilities and customers will accelerate Equinix's penetration of the enterprise and strategic market sectors, including government and energy.

The acquisition of these assets will enable Equinix customers to further respond to a key market trend that is enabling their evolution from traditional businesses to "digital businesses" -- the need to globally interconnect with people, locations, cloud services and data. 

The acquired portfolio includes approximately 900 customers, with a significant number of enterprise customers new to Equinix's platform, and it adds approximately 2.4 million gross square feet.  It will bring Equinix's total global footprint to 175 data centers in 43 markets and approximately 17 million gross square feet across the Americas, Europe and Asia-Pacific markets.  

Steve Smith, President and CEO, Equinix
It enables us to enhance cloud and network density to continue to attract enterprises, while expanding our presence in the Americas. The new assets will bring hundreds of new customers to Platform Equinix while establishing a presence in new markets and expanding our footprint in existing key metros.

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Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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