07 Dec Verizon to Sell Datacenters to Equinix
Verizon has announced that it will sell its U.S and Latin America colocation datacenters to Equinix for $3.6 billion in cash. Verizon says it will focus on digital transformation for its customers, including streaming video over mobile devices and advertising as Verizon completes its $4.83 billion takeover of Yahoo
Verizon’s colocation datacenters offer a wide variety of services including—colocation, cloud services, managed hosting and disaster recovery.
Equinix will get 29 datacenters in 15 metropolitan areas in the United States and Latin America. However, Verizon will retain its managed hosting and cloud services and datacenters in Europe, Asia-Pacific and Canada.
Equinix is one of the world’s leading providers of IBX (International Business Exchange) datacenters, carrier-neutral colocation where major International networks, enterprises, and business partners interconnect with one other and with more than 1,400 networks.
Per Equinix, the Verizon deal will further consolidate their global footprint by increasing interconnection in the United States and Latin America. In addition, Equinix will be able to gain market share in strategic market sectors, including government and energy.
“The new assets will bring hundreds of new customers to Platform Equinix while establishing a presence in new markets and expanding our footprint in existing key metros,” said Equinix President and CEO Steve Smith.
For a quotation of colocation and related services from Verizon, Equinix or other leading datacenter providers, contact us.