PR Newswire
REDWOOD CITY, Calif. and SINGAPORE, Jan. 7, 2019
REDWOOD CITY, Calif. and SINGAPORE, Jan. 7, 2019 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today unveiled plans to expand Platform Equinix® with the construction of its fourth International Business Exchange™ (IBX®) data center in Singapore, called SG4. The new facility will provide interconnection and premium data center services to help businesses with their IT transformation and cloud adoption initiatives, while also supporting the digital infrastructure of Singapore. The new $85 million seven-story data center is scheduled to open in Q4 2019, offering an initial capacity of 1,400 cabinets in the first phase.
As an industry leader in Singapore, Equinix has deepened its investments to support the country's Smart Nation plan, reflecting the company's confidence in Singapore's future as a digital hub in Asia. According to the second volume of the Global Interconnection Index, a market study published by Equinix, Singapore's Interconnection Bandwidth capacity — a measurement of direct and private data exchange between businesses — is expected to more than quadruple by 2021, reaching 394 Tbps at a compound annual growth rate (CAGR) of 47%.
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About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. Equinix.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other 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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