Equinix acquires 29 data centers from Verizon

Networks Asia staff
Networks Asia

Equinix has completed its acquisition of 29 data centers in North and Latin America from Verizon Communications.

The US $3.6 billion all cash deal includes over 1,000 customers, of which over 600 are net new, and approximately three million gross square feet of data center space.

Equinix said the deal will accelerate its ability to help companies extend their IT operations to the digital edge, strengthens interconnection density on the Equinix global platform, accelerates business relationships in the government and energy sectors and supports its enterprise offering.

Additionally, it adds three new markets (Bogotá, Culpeper and Houston) and provides additional capacity and the opportunity for expansion in markets where Equinix currently has a presence, including Atlanta, Denver, Miami, New York, São Paulo, Seattle and Silicon Valley.

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 centers across 44 markets and approximately 17 million gross square feet.

"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,”Equinix CEO Steve Smith said.

“They are moving from traditional centralized 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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