Equinix $3.6 billion acquisition of Verizon assets

Overview:

• Data center and colocation provider Equinix has acquired $3.6 billion in assets from Verizon.
• The assets consist of 24 data center sites in 15 different metropolitan areas in the United States and Latin America.
• The divestment comes amid Verizon's ongoing and highly publicised acquisition of Yahoo! internet properties.
• Evercore and JPMorgan Chase served as financial advisers for Equinix while Citigroup and Guggenheim Securities acted as financial advisers for Verizon.
• The deal is expected to close by mid-2017.

Kurt Stumpo - Journalist