Verizon has announced a $1.4bn (£880m) deal to acquire global managed IT and cloud services providers Terremark.
The deal is aimed at fostering innovation, enhancing business processes and delivering business intelligence and collaboration services on any device, said Verizon.
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Verizon said it plans to operate Terremark, which runs 3 data centres in the US, Europe and Latin America, as a wholly-owned subsidiary with the same name and current management team.