EQUINIX INC acquires Verizon data center portfolio (24 sites / 29 buildings)

EQUINIX INC acquired Verizon data center portfolio (24 sites / 29 buildings) for $3.6 billion in an all-cash transaction (cash purchase price of approximately $3.6 billion); funded with proceeds from debt and equity financings, a transaction completed in May 2017, structured as all cash.

Verizon data center portfolio (24 sites / 29 buildings) operates in Data centers / colocation - Americas (US, Brazil, Colombia), is based in United States, Brazil and Colombia (15 metro areas; new markets Bogota, Culpeper, Houston). A portfolio of 24 data center sites comprising 29 data center buildings across 15 metro areas, acquired from Verizon Communications Inc. The deal opened three new markets (Bogota, Culpeper and Houston) and accelerated Equinix's penetration of enterprise and strategic market sectors including government and energy.

Equinix stated the acquisition further strengthened its global platform by increasing interconnection in the U.S. and Latin America, opening three new markets, and accelerating penetration of enterprise and strategic market sectors including government and energy.

29 strategic data center buildings deepening U.S. and Latin American interconnection and adding enterprise, government and energy customers. Increased interconnection across the Americas and accelerated enterprise/strategic-sector penetration on Platform Equinix. Equinix Americas region Equinix FY2018 10-K: "...the Verizon Data Center Acquisition from May 1, 2017..." and FY2018 10-K business note: "a cash purchase price of approximately $3.6 billion ... funded ... with proceeds from debt and equity financings."