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Equinix, Verizon complete $3.6 billion data centre deal

Equinix completes its deal of $3.6 billion for 29 of Verizon's data centres.

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Equinix has confirmed that the deal to acquire 29 data centres from Verizon has now been closed.

The deal, which totalled $3.6 billion, guarantees Equinix ownership of over 1,000 customers, 600 of which are net new, as well as three million gross square feet of data centre space.

The new assets are all spread across 15 cities in North and Latin America, bringing Equinix’s total global footprint to over 175 International Business Exchange (IBX) data centres across 44 markets and approximately 17 million gross square feet.

Equinix continues to scale upwards and with the addition of 29 new data centres it is able to create new opportunities to grow its business ecosystems around the world.

Steve Smith, CEO, Equinix said: “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.

Read more: Equinix to acquire 29 data centres in $3.6bn Verizon deal

“They are moving from traditional centralised infrastructure to a distributed model that keeps data closer to the customers, partners and employees using it.

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“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.”

The acquisition develops Equinix’s capabilities by strengthening the interconnection destiny on the company’s global platform, accelerating business relations in the government and energy sectors and also supporting its enterprise offering.

This includes the addition of three new markets, which are Bogota, Culpeper and Houston, and also provides additional capacity with the opportunity for extended expansion in markets where Equinix already has presence, such as Atlanta and Silicon Valley.

While Equinix will embrace 250 new employees from Verizon, it will also become a larger customer and continually remain a key partner of Equinix.

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