$51M site in Milan will bring increased digital transformation opportunities to Italy in 2021
REDWOOD CITY, Calif., July 16, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the development of a new data center in Milan, due to open in Q1 2021. Known as ML5, the International Business Exchange™ (IBX®) data center will offer state-of-the-art colocation, as well as a host of advanced interconnection services, including Equinix Cloud Exchange Fabric™ (ECX Fabric™) and Equinix Internet Exchange™.
The innovative, modular construction of the site incorporates Equinix's Flexible Data Center (FDC) principles, which leverage common design elements for space, power and cooling to ensure long-term maintenance predictability. This approach provides customers with high standards for uptime and availability while lowering operating risk and complexity.
The ML5 IBX is the fourth data center for Equinix in Italy, where existing Equinix data centers provide access to a wide choice of network service providers, internet exchange points, content delivery networks and cloud service providers. This expansion further supports Italian businesses with advancing their digital transformation strategies, as well as enabling global companies across industries to expand their operations in Italy—spurring innovation.
Organizations working to accelerate their evolution from traditional to digital business can utilize the new site to dynamically scale their IT infrastructure, adopt hybrid multicloud architectures and interconnect with strategic business partners within the Platform Equinix® global ecosystem of nearly 10,000 customers.
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.com.
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 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; 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.
SOURCE Equinix, Inc.