European Commission clears Equinix offer to acquire Telecity

Equinix, Inc. (Nasdaq: EQIX) said it has obtained clearance from the European Commission on its May 2015 offer to acquire TelecityGroup plc.

The combination of Equinix and TelecityGroup will enable Equinix to expand its platform throughout key European markets and further its strategy to increase network and cloud density in these markets.

The clearance follows the European Commission approval of agreed commitments proposed by Equinix and TelecityGroup to divest certain facilities. Following this approval, Equinix expects the transaction to close early in the first half of 2016.

Equinix connects the world´s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.