Verizon to sell 24 data center sites to Equinix

Via Verizon Wireless Newsroom

Dec 6, 2016

NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced it has entered into a definitive agreement to sell 24 data center sites to Equinix, Inc. (Nasdaq: EQIX) in a transaction valued at approximately $3.6 billion.

Equinix will own and manage 24 Verizon customer-facing data sites, consisting of 29 data center buildings, in the United States and Latin America. The transaction is expected to close by mid-2017.

This transaction aligns with Verizon’s strategy to focus resources in areas that will help drive digital transformation for enterprise customers, while providing world-class service. The sale does not affect Verizon’s managed hosting and cloud offerings, or its data center services delivered from 27 sites in Europe, Asia-Pacific and Canada.

Citi and Guggenheim Partners are acting as financial advisors to Verizon. Jones Day is acting as legal advisor to Verizon.

This content extract was originally sourced from an external website (Verizon Wireless Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.