Equinix Plans to Build $63 Million International Business Exchange Data Center in Hong Kong
August 30 2010 - 8:00AM
Business Wire
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center
services, today announced plans to build its second International
Business Exchange™ (IBX®) data center, HK2, in Hong Kong. The new
$63 million HK2 IBX data center will provide total capacity for
more than 1,450 cabinet equivalents. Targeted for opening in the
third quarter of 2011, the $20 million first phase of the HK2 IBX
center will offer an initial 450 cabinet equivalents. The expansion
enables Equinix to continue serving the Hong Kong market with
business exchange services for global enterprises, banking and
financial companies, and cloud and IT service providers.
The Hong Kong market is one of the largest concentrations of
banking and financial companies in the region. Located near the
existing HK1 IBX data center in the western part of the New
Territories region, the HK2 facility will have direct fiber
connection with the HK1 IBX data center. This connectivity enables
prospective customers at HK2 to enjoy close proximity and direct
access to the financial ecosystems, including trading venues, buy
and sell side firms, market data providers, technology providers
and financial networks, at the HK1 IBX data center. The new IBX
data center will also feature highly reliable data center services
and operations, offering availability, scalability and low latency
connectivity to a wide range of networks available at the HK1 IBX
data center. These services are especially important to cloud and
IT service providers looking to optimize business exchange and
increase end-user satisfaction.
“Companies seek to deploy mission critical applications within a
well-connected, carrier-neutral data center operator with a
presence around the world,” said Steve Smith, CEO and President of
Equinix. “Equinix’s global platform provides state-of-the-art
colocation and reliable interconnection services across 35 markets.
Our customers can choose from top network providers and
connect with partners in market ecosystems
to optimize business performance.”
“Hong Kong is a critical data center market for global
customers. For the past two years, Equinix has been expanding its
HK1 IBX data center to meet increasing demand, which is currently
operating at more than 70 percent utilization. The HK2 expansion
will help service ongoing customer demand, further demonstrating
Equinix’s commitment and confidence in the Hong Kong market,” said
Jonathan Leung, managing director, Equinix Greater China.
The HK2 is the fourth in a series of recently announced IBX data
center expansions in the Asia Pacific region. Equinix has recently
announced the expansion of SY3 data center in Sydney, the third
phase expansion of the existing SG2 center in Singapore, and
launched a new market in Shanghai with its partnership with
Shanghai Data Solutions (SDS).
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center
services that ensure the vitality of the information-driven world.
Global enterprises, cloud, content and financial companies, and
more than 595 network service providers rely on Equinix. The
company operates 90 International Business Exchange™ (IBX®) data
centers across 35 markets in North America, Europe and
Asia-Pacific. Learn more at http://www.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 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's filings with the Securities and Exchange Commission.
In particular, see Equinix's recent 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.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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