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

By  |  May 1, 2017

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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