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EU regulators conditionally approve Equinix's purchase of Telecity

Published 11/13/2015, 10:45 AM
Updated 11/13/2015, 10:50 AM
© Reuters. EU Competition Commissioner Vestager speaks during an interview with Reuters in Brussels
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BRUSSELS (Reuters) - European regulators on Friday said they had approved U.S data center operator Equinix's $3.7 billion purchase of Telecity Group (L:TCY) on condition it sold off data centers in Amsterdam, Frankfurt and London.

"With the ever growing economic importance of 'cloud' services, it is crucial to maintain competition between data centers," Competition Commissioner Margrethe Vestager said in a statement.

© Reuters. EU Competition Commissioner Vestager speaks during an interview with Reuters in Brussels

"The Commission is satisfied that the commitments offered by Equinix (O:EQIX) will ensure that companies continue to have a choice for hosting their data at competitive prices."

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