Equinix to Buy Telecity for £2.35bn

29 May 2015 | Author: | No comments yet »

Equinix to Buy Telecity for $3.6 Billion, Scuttling Dutch Deal.

Equinix Inc., a U.S.-based data-center operator, agreed to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion), expanding in Europe and scuttling the U.K. company’s planned merger with Interxion Holding NV.

Data-center companies are exploring mergers as consumers and companies use more of their services to store information remotely and access it on mobile phones, tablets and computers.

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