Verizon sells its data centers to Equinix for $3.6B
Telecommunications giants Verizon and CenturyLink have each now sold off their data center assets, with Verizon being the most recent to offload its infrastructure operations to Equinix in a $3.6 billion deal.
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Equinix operates data centers around the world for its colocation and interconnection business and is purchasing 24 sites that have a total of 29 data centers in 15 metropolitan areas. The acquisition brings Equinix’s total data center footprint to 175 in 43 metro areas. Verizon is keeping its data centers in 27 sites across Europe, Asia and Canada.
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