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Terremark Acquires all of TECOTA

$40 Million Paid for Balance of Equity Interests
By Chris Mundle
January 11, 2005 | 2:15 P.M.

Terremark Worldwide Inc. acquired all of the equity interests not previously owned, from its partners in the entity that owns the Technology Center of the Americas (TECOTA). Under the terms, Terremark paid $40 million for the equity interests and repaid $35 million in debt.

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