News: Competition authority needs more time.
The European Commission’s (EC) decision on colos Equinix and Telecity Group merger has been extended to November.
US data centre provider Equinix said the Commission has entered a period of market testing based on commitments proposed by both companies.
Seeking regulatory clearance from the European body, the US data centre provider also said these commitments seek a Phase I approval, which will not delay the original plan for the merger to take place in H1 2016.
The EU’s decision, previously expected by October 29, has now been scheduled for November 13.
Equinix announced its acquisition of Telecity in May for $3.7 billion ending plans for a $2.2 billion merger between Telecity and Nasdaq listed European data centre colocation provider Interxion.