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SOURCE Equinix, Inc.
Major investment in leading London data center campus includes construction of new high-performance facility and acquisition of existing sites
REDWOOD CITY, Calif. and LONDON, Jan. 23, 2014 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will build a new data center called LD6 in its highly successful London Slough campus in response to consistent demand from customers in the financial services, content, cloud and enterprise segments.
The new LD6 data center will provide total capacity of approximately 8,000 square meters (86,000 square feet; 2,770 cabinet equivalents). With $79 million of capital expenditures invested, the first phase is scheduled to open in the first half of 2015 and will provide initial capacity of 1,385 cabinets.
Additionally, Equinix has invested $37 million in the acquisition of its existing LD4 and LD5 campus buildings and concurrently entered into long-term ground leases for the entire LD4, LD5 and LD6 campus with SEGRO plc. This acquisition gives Equinix effective 50-year control of one of the UK's largest, fastest-growing and most network-dense data center campuses, supporting customer continuity and future expansion.
Highlights / Key Facts
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,400 companies directly to their customers and partners inside the world's most networked data centers. Today, businesses leverage the Equinix interconnection platform in 31 strategic markets across the Americas, EMEA and Asia-Pacific. 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.
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