InfraCompute / Investments

Equinix buys 29 Verizon data centres

M&A · Verizon data centre portfolio · US$3.6bn, 1 May 2017.

Key terms

Company: Verizon data centre portfolio
Date: 1 May 2017
Type: M&A
Value: US$3.6bn
Status: Completed
Region: US and Latin America

What happened

Equinix bought 29 data centres and their operations in the US, Brazil and Colombia from Verizon, including the NAP of the Americas in Miami and a new market in Culpeper, Virginia.

Recorded terms

Assets: 29 data centres in 15 cities
Agreement date: 6 December 2016
Value basis: About US$3.6bn cash
Segment: Data centres

Parties

More investments

All investments →

For counsel on a deal like this

M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.

Sources

Equinix Form 8-K: completion of Verizon data center acquisitionSource date: 1 May 2017

About this record

Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.