Equinix partners Singapore’s GIC to add $9.3 billion to xScale portfolio

Equinix partners Singapore’s GIC to add $9.3 billion to xScale portfolio

The xScale portfolio of 32 facilities will provide more than 600 megawatts of power capacity when fully built out.

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Equnix has announced additional joint ventures in the form of limited liability partnerships with GIC, Singapore’s sovereign wealth fund, which when closed and built out will bring the company’s xScale data centre portfolio to greater than $6.9 billion across 32 facilities globally.

xScale data centres add to Equinix’s global platform of more than 220 International Business Exchange (IBX) data centres by serving the deployment needs of hyperscale companies, including the world’s largest cloud service providers.

After deal closing and buildout, the xScale data centre portfolio will span three regions:

  • Europe: Dublin (three xScale data centres), Frankfurt (five xScale data centres), Helsinki (one xScale data centre), London (two xScale data centres), Madrid (two xScale data centres), Milan (one xScale data centre), Paris (four xScale data centres) and Warsaw (one xScale data centre)
  • Asia-Pacific: Osaka (three xScale data centres) and Tokyo (three xScale data centres)
  • Americas: Mexico City (one xScale data centre) and São Paulo (three xScale data centers)

“The world’s largest cloud service providers, including Alibaba Cloud, Amazon Web Services, Google Cloud, IBM Cloud, Microsoft Azure and Oracle Cloud Infrastructure, have partnered with Equinix to leverage its global platform of more than 220 data centres,” said Charles Meyers, CEO of Equinix.

“With our xScale program, these hyperscalers can continue to grow at Equinix while in close proximity to an ecosystem of 10,000 customers. The joint venture arrangement of xScale enables these large deployments to be structured in an off-balance sheet model that aims to preserve capital for investment in our traditional retail data centre and digital infrastructure business.”

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© iTnews Asia
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