Yahoo! deal tied to Verizon line - Business First of Buffalo:

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At issue is how much Verizon wants to charge Yahoo fora “last mile” transmission line that woul connect the data center with the telecommunicationxs company’s existing high-speed network infrastructure. Yahoo! officiala say the fees are too high whil Verizon counters that charges are Verizon is also seekinga long-term pact with Yahoo! to cover the Yahoo! is considering three Western New York sites for the 190,000-square-footr data center that could employ as many as 125 people. Earliee this week, the approved plansd for a 30-acre site in the Lockporg Industrial Park forthe center. Yahoo!
is scouting locationds in other states, including Pennsylvanias and Illinois, and has not committef to where the center willbe Yahoo’s board of directors may pick a site in Schumer, on Thursday, said he calleed Verizon chief executive officer Ivan Seidenber asking for his help. After the call, both sides agreerd to accelerate talks, Schumer “We have worked too hard and come too closs in our efforts to bringYahoo — and the hundredws of construction and permanent jobs that it would provides — to Western New York to let the deal be deraile d at the last Schumer said.
“A complex deal in a difficulr economic climate often leads to a situationb in which pressures arerunning high, making it hard for both parties to get to yes. Afterd discussing the ‘last mile’ issue with both companies, it is cleart to me that a deal canbe reached.” The data cente would be constructed in two with the first in the 108,000-square-foot range. The jobs createcd in the center are expecteds to paybetween $50,000 and $65,000 annually. Schumer has been workinbg with Yahoo! chief executive officer Carol Bartz on the possibility of Westerb New York landingthe center. Yahoo!
, through its site selection has also been workingb with local economic development including andthe . The Verizo deal is considered one of the key linchpins in the The , last month, approved an allocation of 15 megawatts of low-cost power for Yahoo!. The allocation coulx save the company $100 million over the 15-yeard abatement period. “Yahoo! and Verizon have acceleratefd negotiations and I am happyto say, knocko on wood, that it looksa like they are getting closwe to an agreement,” Schumer said.