TelecityGroup, Interxion Sign Non-binding Agreement On All-share Merger

(RTTNews) - TelecityGroup plc (TCY.L), a provider of data centres in Europe, has reached a non-binding agreement on an all-share merger with Interxion Holding N.V. (INXN). The proposed transaction would be structured as an offer by TelecityGroup for Interxion. The primary listing for the combined group would be in London, with a New York Stock Exchange listing for TelecityGroup's existing ADR programme contemplated. Interxion, a European provider of data centre services serving a wide range of customers through 39 data centres in 11 European countries, is listed on the New York Stock Exchange or NYSE. The boards of TelecityGroup and Interxion believe that the combination of the TelecityGroup and Interxion businesses is highly compelling. Demand for data centre services is evolving rapidly as enterprise data and digital applications migrate to the cloud. The combined business will allow the parties to provide customers with greater product choice and solutions for the dynamic and expanding needs of multi-faceted customers seeking to address global markets. The additional scale and scope of the combined operations will give customers an expanded product set, more robust connectivity choices, better landing points for access to European consumers and expanded gateways to new markets in Africa, Asia and Eastern Europe.