PR Newswire
REDWOOD CITY, Calif. and SINGAPORE, Dec. 1, 2020
REDWOOD CITY, Calif. and SINGAPORE, Dec. 1, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, today announced the expansion of Platform Equinix® with its fifth International Business Exchange™ (IBX®) data center in Singapore, to be named SG5. With an initial investment of US$144 million in the first phase, the purpose-built facility will meet growing demand for cloud connectivity for enterprises as they transform digitally. SG5 is scheduled to open in H1 2021, providing an initial capacity of more than 1,300 cabinets in the first phase.
As cloud adoption is accelerating and growing in complexity, businesses increasingly rely on hybrid and multicloud ecosystems for agility and scalability. This is aligned with Singapore's Smart Nation initiative, which is driving businesses in the country to rapidly undertake digital transformation to build resiliency and stay competitive in the digital economy. Singapore's advancement toward these goals is positioning the island city-state as a digital hub and gateway for the Asia-Pacific region. With this in mind, the addition of the SG5 IBX to Platform Equinix will provide essential digital infrastructure support and global connectivity that will enable enterprises to build and expand their cloud ecosystems to fast-track their digital advantage.
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About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements about interconnection bandwidth growth, the rate of adoption of digital transformation, and the benefits of the network effect. Actual results may differ materially from expectations discussed in such forward-looking statements and the predictions made from the Global Interconnection Index. Factors that might cause such differences include risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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SOURCE Equinix, Inc.
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