New site (GN1) will land the 2Africa cable system in Italy, positioning the country as a strategic interconnection point for subsea cable networks
REDWOOD CITY, Calif. and BERKSHIRE, England, Feb. 24, 2021 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, and Vodafone today announced a plan to build a new subsea hub in Genoa, called GN1. Situated on Italy's northwest coast, Genoa has a rich history in maritime trade and is well-positioned to be a key location on the global subsea cable map. Vodafone, which is the cable consortium's lead for European landings, will land the 2Africa cable system at Genoa and use Equinix's GN1 facility as a strategic interconnection point for the subsea cable system, creating stronger connectivity in Europe and contributing to building an inclusive digital society for all.
2Africa is one of the world's largest submarine telecommunications cable projects, driven by a group of partners. The cable will circumnavigate the continent of Africa, directly connecting 16 countries to Europe and the Middle East. This will deliver much-needed internet capacity and reliability, underpinning the further growth of 4G, 5G and fixed broadband access for hundreds of millions of people. The project will also drive the growth of increasingly digitized economies across Europe by strengthening connectivity between European countries.
GN1 will have a direct fiber connection to ML5, the soon-to-be opened Equinix flagship data center in Milan, and will allow Equinix customers to increase the number of partners they connect with and expand their reach into new markets.
The combination of 2Africa's landing in the new Genoa site and the direct connection to Milan means GN1 will offer a new, complementary and diverse alternative option for the Mediterranean region. Indeed, as Genoa's first carrier-neutral data center, GN1 will offer customers secure, resilient colocation and interconnection services, as well as the ability to directly leverage Equinix's digital ecosystems and colocation facilities in Milan. It will provide a capacity of 150 cabinet equivalents, and colocation space of approximately 6,000 square feet (560 square meters).
2Africa is expected to deliver more than the total combined capacity of all subsea cables serving Africa today, with a design capacity of up to 180 Tbps on key segments of the system. This will be vital to help build a digital society ready for services that require a large amount of data transfer, such as cloud computing or video.
The need for robust digital infrastructures can be seen across the world, and Africa is no exception. The continent is experiencing a critical period of digital transformation and development of its digital economy. In the next few years, digital technologies are expected to be a factor in improving African people's quality of life and driving economic development in the region. The GSMA predicts that the number of mobile internet users in Africa will continue to grow rapidly, primarily due to the popularization of smartphones and lack of fixed-line infrastructure, which has led to a boom of new services such as mobile payment, instant messaging, online streaming media and short video.
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
Vodafone is a leading telecommunications company in Europe and Africa. Our purpose is to "connect for a better future" and our expertise and scale gives us a unique opportunity to drive positive change for society. Our networks keep family, friends, businesses and governments connected and – as COVID-19 has clearly demonstrated – we play a vital role in keeping economies running and the functioning of critical sectors like education and healthcare.
Vodafone is the largest mobile and fixed network operator in Europe and a leading global IoT connectivity provider. Our M-Pesa technology platform in Africa enables over 45m people to benefit from access to mobile payments and financial services. We operate mobile and fixed networks in 21 countries and partner with mobile networks in 48 more. As of 31 December 2020, we had over 300m mobile customers, more than 27m fixed broadband customers, over 22m TV customers and we connected more than 118m IoT devices.
We support diversity and inclusion through our maternity and parental leave policies, empowering women through connectivity and improving access to education and digital skills for women, girls, and society at large. We are respectful of all individuals, irrespective of race, ethnicity, disability, age, sexual orientation, gender identity, belief, culture or religion.
Vodafone is also taking significant steps to reduce our impact on our planet by reducing our greenhouse gas emissions by 50% by 2025, purchasing 100% of our electricity from renewable sources by 2025, and reusing, reselling or recycling 100% of our redundant network equipment.
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.