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EU regulators conditionally approve Equinix's purchase of Telecity

Reuters - UK Focus

BRUSSELS, Nov 13 (Reuters) - European regulators on Friday said they had approved U.S (Other OTC: UBGXF - news) data centre operator Equinix (NasdaqGS: EQIX - news) 's $3.7 billion purchase of Telecity Group (LSE: TCY.L - news) on condition it sold off data centres in Amsterdam, Frankfurt and London.

"With (Other OTC: WWTH - news) the ever growing economic importance of 'cloud' services, it is crucial to maintain competition between data centres," Competition Commissioner Margrethe Vestager said in a statement.

"The Commission is satisfied that the commitments offered by Equinix will ensure that companies continue to have a choice for hosting their data at competitive prices." (Reporting by Barbara Lewis, editing by Julia Fioretti)