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Telecity, the London-based operator of 37 data centres, is to be acquired by US-based Eqinox for £2.3bn.

Telecity has acquired UK Grid, the Manchester-based data centre operator, for £12m.

Telecity has acquired Data Electronics, the Irish data centre operator, for £88m, and is now seeking acquisitions in other European countries.

Telecity has secured a further £100m to invest in the acquisition of data centres.

Telecity is planning to open a new 3.5MW data centre in Manchester and increase its storage capacity in London's Docklands by 3MW.

Telecity is planning to almost double its data centre capacity in London by expanding its Powergate site.

Telecity is to announce plans next year for a further expansion of capacity at its chain of European data centres, which could involve up to six new facilities by 2015.

Telecity is planning to raise up to £125m in a flotation in October to fund the expansion of its chain of 18 data centres.

Telecity is to acquire Redbus Interhouse, the data centre operator, for about £59m.

Telecity, the internet hosting company, is to return to private ownership in a £58m deal with US venture capital group Oak Hill.

TeleCity is seeking additional funding of £50m to finance the expansion of its computer facilities business.

TeleCity is to set up a switching centre at the 54,000 sq ft Solus industrial unit at Old Trafford, Manchester.

TeleCity is planning a flotation in order to raise funds for the expansion of its facilities management business, and aims to provide hi-tech storage space for computers at sites across Europe.