Equinix Expands Footprint in Mumbai to Address Rising Demand for Digital Infrastructure
The company's fourth facility in
According to JLL, a leading global commercial real estate and investment management company, the Indian data center industry reached 637 MW as of H1 2022 and is expected to reach 1,318 MW by 2024.2 In addition, the Equinix Global Tech Trends Survey 2023 indicates that
Manoj Paul, Managing Director, Equinix India commented, "The increased digitalization of the economy is constantly driving the need for data center and interconnection services in
MB4 will offer expanded connectivity options to major telco networks along with Metro Connect® availability to the highly connected Equinix data center sites of MB1 and MB2. Scheduled to open in Q4 2023 (subject to regulatory approvals), the first phase of MB4 will provide an initial capacity of 350 cabinets. When fully built out, the facility is expected to provide 700 cabinets.
Equinix operates 250 data centers across 71 metros, providing digital infrastructure for more than 10,000 of the world's leading businesses. In
Equinix currently has two IBX data centers in
In March 2022, Equinix announced its plan to enter the
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company®. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
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, including MB4, and developing, deploying and delivering Equinix products and solutions, unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers, including MB4; a 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; risks related to our taxation as a REIT; 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.
1 https://timesofindia.indiatimes.com/city/bengaluru/we-plan-to-make-india-1-trillion-digital-economy-by-2026-minister-rajeev-chandrasekhar/articleshow/98529810.cms?from=mdr
2 JLL's Data Centre Update: H1 2022
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SOURCE Equinix, Inc.