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Equinix closes USD 3.8 bln Telecity acquisition

2016-01-18 08:34:00| Telecompaper Headlines

(Telecompaper) US data centre operator Equinix has completed the acquisition of UK-based Telecity for USD 3.8 billion, consolidating its position as the largest retail colocation provider in Europe. Originally announced in May as a recommended cash and share offer, the transaction was approved last week by Telecity shareholders and UK regulators, having obtained the European Commission's green light in November. As part of the deal, Telecity chairman John Hughes will be joining the board of directors of Equinix, and Equinix EMEA president Eric Schwartz will serve as the head of the combined regional business in EMEA.

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