Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,783.00
    -2,763.39 (-4.15%)
     

  • CMC Crypto 200

    1,359.61
    -22.96 (-1.66%)
     

  • FTSE 100

    8,097.71
    +57.33 (+0.71%)
     

  • Gold

    2,341.30
    +2.90 (+0.12%)
     

  • Crude Oil

    82.98
    +0.17 (+0.21%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

EU regulators conditionally approve Equinix's purchase of Telecity

Reuters
European Competition Commissioner Margrethe Vestager speaks during an interview with Reuters at the EU Commission headquarters in Brussels, Belgium, October 9, 2015. REUTERS/Francois Lenoir

BRUSSELS (Reuters) - European regulators on Friday said they had approved U.S data center operator Equinix's $3.7 billion purchase of Telecity Group 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.

"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)