Verizon Communications (VZ) has closed its $1.4 billion acquisition of Terremark Worldwide, clearing the way for Verizon to lead the rapidly evolving global managed IT infrastructure and cloud services market, the company said today.
Can a telecom carrier own a carrier-neutral Internet exchange point? Executives at Verizon insist that its $1.4 billion acquisition of Terremark will not mean any changes for Terremark's carrier-neutral colocation business.
Verizon will acquire colocation and cloud hosting provider Terremark for $1.4 billion in a deal that will accelerate the telecom provider's push into cloud computing. Verizon will pay $19.00 in cash for each share of Terremark, about a 35 percent...
As it continues to see growth in its colocation and cloud computing operations, Terremark Worldwide is preparing to expand its data center space in four key markets, and may tap the debt markets to fund construction.