Equinix Announces Build of New Flagship Data Center in London

REDWOOD CITY, Calif. and LONDON, Nov. 19, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will build a new International Business Exchange(TM) (IBX®) data center at its London Slough campus. The data center - called LD7 - will provide interconnection and colocation to businesses to support their IT transformation initiatives and adoption of the cloud while supporting the digital infrastructure of the UK. The data center will cost approximately $120M (£90M) and scheduled to open Q2 2019.

The new data center will bring the company's UK portfolio to 12 IBXs and supports increasing demand for interconnection bandwidth capacity from UK enterprises looking to gain a competitive advantage in the digital economy. These data centers are built on Platform Equinix(TM) which is comprised of 200 data centers in 52 markets globally. Including current expansion projects, Equinix will have invested over $1.2 billion to build and expand its presence in the London metro area.

This sizeable investment is an indicator of Equinix's confidence in the future of London as Europe's major financial hub and one of the world's greatest commercial cities, regardless of the outcome of the ongoing negotiations around the UK's departure from the European Union. The investment has been acknowledged by the UK Government as a positive contribution to the UK's continued success in global business.

As part of Equinix's commitment to its long-term goal of using 100% clean and renewable energy and lowering its carbon footprint for its global platform, LD7 has been designed to provide an energy-efficient foundation on which customers can accelerate their business in this era of digital transformation. As a result, the LD7 data center will be built to LEED gold certified standards.

Highlights/ Key Facts

    --  The new $120M (£90M GBP) data center forms part of a total $387M
        (£295M GBP) investment in the UK's digital economy from Equinix
        throughout 2018/19. This includes $108M (£82M GBP) in expansion to
        Equinix's LD10 data center, $120M (£94M GBP) in expansion at its LD9
        data center and $39M (£29M GBP) expansion of its LD4 data center. The
        investment in expansions at LD9 and LD10 include the development of
        dedicated space for hyperscale infrastructure to meet demand from cloud
        service provider customers.
    --  Earlier this year the company also announced that it would expand its
        LD4 data center due to continued growth of the world's largest
        multi-asset class electronic trading ecosystem which consists of a
        robust collection of interconnected execution venues, trading platforms,
        market data vendors, service providers, buy-side firms, and sell-side
        firms.
    --  The new LD7 data center will enable customers to interconnect securely
        with 1,000+ businesses in London including leading capital markets
        participants, insurers and electronic payments firms, as well as 200+
        network service providers and 275+ cloud and IT service providers. LD7
        will add 1,750 cabinets in its initial phase and expand to 2,650
        cabinets at full build.
    --  Energy efficiency will be achieved at the site with the aid of an
        innovative chilled water system in combination with an Adiabatic heat
        rejection system. This will contribute to LD7 having lower energy
        consumption and a smaller carbon footprint than other facilities of its
        kind.
    --  LD7 will also provide direct, secure and dynamic software-defined
        interconnection through the Equinix Cloud Exchange(TM) Fabric to over
        1,300 businesses including some of the largest CSPs including Microsoft
        Azure, Google Cloud Platform, Amazon Web Services (AWS) and Oracle
        Cloud. Customers can take advantage of scalability, agility and
        connectivity over a self-service portal or API and through a single
        port, can discover and reach the aggregation of  companies and
        ecosystems at Equinix on demand, locally or across metros.
    --  The investment will support the rapidly increasing private exchange of
        data between businesses - also known as interconnection. According to
        Equinix's Global Interconnection Index Volume 2, Interconnection
        Bandwidth is expected to grow 48% per annum in Europe to reach 1,900+
        Tbps by 2021, contributing to around 23% of Interconnection Bandwidth
        globally. With an average growth rate of 52%, London is set to
        contribute over 35% of Europe's growth, more than tripling its private
        data exchange between businesses from 195 Tbps to 681 Tbps. This means
        that despite Brexit, London is projected to have the largest volume of
        data privately flowing between businesses, more than any other market in
        Europe.

Quotes

    --  Russell Poole, managing director UK, Equinix:

"London is one of the most important connection points in the world and we expect this growth to continue as the city continues to play a crucial role in powering the global digital economy. LD7 will be one of the most technologically advanced colocation data centers in the world and will be a major addition to our thriving London Slough campus. This latest data center will also act as a sustainability benchmark for future data centers - something we are very passionate about."

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. 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 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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SOURCE Equinix, Inc.