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Servers merging from 26 servers to 20. The Australian servers are not being consolidated, 2 are dead.
That means SWTOR's population will now be spread across 18 servers. Mind you some servers have to be kept for Austalian ping, and French and German speakers.
Among the server casualties is the once King-Daddy server, "The Fatman".
Mind you, the announcement has the usual "We have upgraded destination servers in order to support a significantly higher number of players." stuck in there for good measure.
Of course, you could call it a server restructuring. The new servers, although fewer in number, are Mega-servers! Bioware is just preparing for the millions of new FTP accounts.
Also of note the 190 origin servers from the previous server "transfers" will now be permanently closed.