Verizon to sell 24 data center sites to Equinix for $3.6 Billion

Verizon Communications announced it has entered into a definitive agreement to sell 24 data center sites to Equinix, Inc 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.