Earlier this morning, we announced that Equinix signed a definitive agreement to purchase 24 new data center sites and their operations from Verizon Communications, Inc. These sites contain 29 data center buildings across 15 metro markets in North and Latin America. To learn more about the agreement, go to “Equinix to Acquire Portfolio of 24 Data Center Sites from Verizon.”
To stay competitive, companies need to interconnect and collaborate across industries and regions. This strategic interconnection trend, which Equinix and industry analysts view as the future of IT, has led to the digitization of the global economy and is driving interest in mobile and cloud technologies and related trends like the Internet of Things and Big Data. Our customers tell us their need for direct and secure connectivity continues to accelerate, and they’re looking to partners and providers to help them expand their reach into more places than ever before.
Here at Equinix, we understand these challenges, which is why we are making this strategic investment to expand our coverage to new markets such as Bogotá, Culpeper and Houston and grow our presence in existing markets like Atlanta, Denver, Miami, New York, Sao Paulo, Seattle and Silicon Valley. The acquisition of these new data centers and customers will also significantly increase the size and sophistication of our enterprise and government ecosystems. Our expanded footprint will offer our customers lower latency, reduced bandwidth costs and increased revenue.
Equinix is committed to adding new reach and capabilities to our global interconnection platform so customers can enjoy increased proximity to their customers, partners and markets throughout the world. That said, we realize customers will likely have questions about this transaction and how it affects their existing relationships with Equinix and Verizon. We’ll be providing updates as the deal moves towards close (currently anticipated in mid-2017), so I encourage you to bookmark www.equinix.com/equinix-acquires-verizon-data-centers and revisit it in the coming months to learn more about the deal and the exciting opportunities it will make possible for our customers.