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Verizon sells 24 data centres to Equinix for $3.6bn 

Data centre operator extends presence to new markets in the Americas; deal expected to close mid-2017.
Verizon agreed to sell 24 data centre sites to data centre operator Equinix for $3.6 billion (€3.35 billion).
The all-cash transaction will see Equinix take ownership and management of 29 individual data centre buildings – amounting to 2.4 million square feet – spread across 15 metro areas in the U.S. and Latin America. Equinix said the acquired portfolio includes approximately 900 customers, a significant number of which are new to the company.
Around 250 Verizon employees will transfer to Equinix.
"This unique opportunity complements and extends Equinix's strategy to expand our global platform. It enables us to enhance cloud and network density to continue to attract enterprises, while expanding our presence in the Americas," said Steve Smith, CEO of Equinix, in a statement.
The acquisition will increase Equinix's global footprint to 175 data centres in 43 markets and approximately 17 million square feet across the Americas, Europe, and Asia-Pacific.
The deal has been a long time coming.
Verizon acquired its data centre assets from Terremark in 2011 as part of a deal worth $1.4 billion, as the telco sought to expand its cloud computing business.
Reports in November 2015 alleged that Verizon planned to offload its data centres as part of a $10 billion deal that included its enterprise business. Verizon CFO Fran Shammo denied the reports at the time.
Fresh rumours emerged in January this year, alleging that Verizon had hired Citigroup to advise it on the sale of its data centres. Reports claimed the telco hoped to any deal would bring in around $2.5 billion.
In a statement, Verizon said Tuesday's deal with Equinix "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 centre services."
The transaction is expected to close in mid-2017, subject to customary closing conditions.

Source: Total Telecom