Verizon Communications Inc. (NYSE: VZ) agreed to sell its data-centers business to Equinix Inc. (Nasdaq: EQIX) for $3.6 billion in cash as the company turns its focus to mobile video advertising.

The deal includes 24 facilities across 15 metropolitan markets, according to a statement. Equinix, based in Redwood City, California, operates as a real estate investment trust, mostly holding interconnected data centers. With the deal, Equinix now has 175 data centers in 43 markets around the world.

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