Equinix Expands Footprint in Hong Kong with US$51 Million Investment
Adds additional capacity to address increasing demand for digital transformation from businesses
Jul 21, 2020
HONG KONG – July 22, 2020 – Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has invested US$51 million (approximately HK$364 million) and completed the third phase expansion of HK4, one of its five International Business Exchange™ (IBX®) data centers in Hong Kong. Today, Equinix provides a total colocation space of about 34,500 square meters in Hong Kong to support digital transformation of the market.
HK4 – Reception Area
The acceleration in digital transformation continues to drive the demand for data centers and interconnection in Hong Kong. According to the Global Interconnection Index (GXI) Volume 3, a recent market study published by Equinix that analyzes traffic exchange globally, Hong Kong is expected to see the second fastest interconnection bandwidth growth in the region, increasing at 55% CAGR from 2018 to 2022.
In addition, a separate independent survey commissioned by Equinix shows that 46% of IT decision-makers in Hong Kong believe interconnection is a key facilitator of digital transformation, with 45% of local IT decision-makers believing interconnection can help their business gain competitive advantage within the marketplace. Platform Equinix® plays a critical role in supporting the interconnected era, underpinning the digital economy and enabling businesses to enhance their performance for continued success and growth.
Highlights/Key Facts
- HK4 provides increased capacity for customers in Hong Kong with its phase three expansion. With an additional 1,000 cabinets added to the facility, HK4 now has a total capacity of 1,500 cabinets and will further add 3,000 cabinets in future phases.
- Located in Sha Tin, HK4 complements the existing Equinix footprint in Tsuen Wan and Tseung Kwan O. With the distributed facilities across the Western, Eastern and Northern parts of Hong Kong, Equinix is devoted to supporting the digital edge and business continuity strategies of local and international enterprises.
- Equinix Hong Kong data centers are business hubs for more than 550 companies. Customers can interconnect directly with other customers and partners in their digital supply chain and leverage direct connectivity to more than 80 networks, more than 145 cloud and IT service providers, and over 140 financial services companies.
Quote
- Larry Tam, Managing Director, Equinix Hong Kong
“The current pandemic has clearly accelerated the pace of digital transformation for businesses of all kinds. With more and more companies embracing digital transformation, we have seen demand for interconnection continue to grow. This is a trend that we expect to become more predominant with the rollout of 5G already started in the city. With our continued investment in growing our interconnected platform and robust ecosystems both locally and globally, we are here to support and speed up the digital growth of our customers.”
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HK4 – Colocation Hall |
HK4 – Colocation Hall |
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HK4 – Customer Lounge |
HK4 – Conference Room |
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HK4 – Power Generator |
HK4 – UPS |
Additional Resources
- HK4 photos [photo]
- Equinix Hong Kong Data Centers [website]
- Equinix HK4 information [website]
- US$77 Million Investment to Expand Platform Equinix in Hong Kong [release]
- Global Interconnection Index Volume 3 [report]
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 55 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.hk
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.
Media Contact (Asia-Pacific)
Equinix
Annie Ho
+852 2970 7761
annho@ap.equinix.com
Media Contact (Hong Kong)
LEWIS
Miranda Xie
+852 3944 5014
equinixHK@teamlewis.com