Equinix could soon close its purchase of Verizon Communications’ data center business, according to a report by a financial analyst. A new report indicates that the operation, valued at 3.5 billion dollars, would be imminent.
Already at the end of last year it was known that the company was evaluating the sale of this business, although indicated that still had to make a decision. The new report, conducted by an analyst at Cowen & Co., indicates that Equinix is the potential buyer and that the sale is about to take effect. “We believe the transaction involving Verizon’s colocation assets is imminent and that Equinix is the most likely buyer”, the report said.
The portfolio includes 14 facilities, including those Verizon inherited when it bought Terremark in 2011. The transaction could be valued at $ 3.5 billion.
The sale marks a change for the company, which had previously expanded its data center operations with the acquisition of Terremark for $ 1.4 billion. Now, as it focuses on its wireless business and the digital media segment, Verizon has begun selling assets that are not critical.
As part of this strategy, Verizon agreed in July to buy Yahoo for 4.8 billion dollars, although this process may have been affected after the hacking of more than 500 million Yahoo accounts.