US: Equinix buys $3.6 billion worth of data centers from Verizon

Equinix, an international data center company based in Redwood City, California, announced today that it has completed the purchase of 29 data centers from Verizon for $3.6 billion. The deal was announced in December.

The acquisition greatly expands Equinix’s footprint, including giving it access to Latin America through a data center in Bogota, Colombia, along with a new presence in Houston, Texas and Culpeper, Virginia. The jewel in the acquisition, however, might be the new Miami location because it acts as a key internet connection point.

“As the fourth largest Internet exchange point in the US, [the Miami location] hosts the termination points of 15 subsea cable systems and more than 120 global networks interconnecting to approximately 150 countries,” the company wrote in a statement.

Full Content: Miami Herald

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