Telecity expects to receive EU approval for purchase by Equinix
Updated : 08:14
The European Commission has begun a period of market testing based on the commitments proposed by Equinix and TelecityGroup.
The aim of both companies is to obtain regulatory clearance for the acquisition of TelecityGroup.
The Comission's timetable for review has been automatically extended by 10 days as a result, to 13 November.
There is a good prospect that the transaction will be cleared during the Phase I review, although there can be no assurances, Telecity said in a statement.