Equinix has unveiled plans to expand Platform Equinix with the construction of its fourth International Business Exchange (IBX) data centre in Singapore, dubbed SG4.
The new facility will provide interconnection and premium data centre services to help businesses with their IT transformation and cloud adoption initiatives, while also supporting the digital infrastructure of Singapore.
The new $85 million seven-story data centre is scheduled to open in Q4 2019, the first phase providing more than 45,400 square feet, offering an initial capacity of 1,400 cabinets. The facility is planned to accommodate more than 4,000 cabinets at full build out, with a total colocation space of more than 132,180 square feet.
Equinix has deepened its investments to support the Singapore’s Smart Nation plan, reflecting the company’s confidence in Singapore’s future as a digital hub in Asia.
According to the second volume of the Global Interconnection Index, a market study published by Equinix, Singapore’s Interconnection Bandwidth capacity — a measurement of direct and private data exchange between businesses — is expected to more than quadruple by 2021, reaching 394 Tbps at a compound annual growth rate (CAGR) of 47%.
Nishchal Khorana, director, Digital Transformation Practice, Frost & Sullivan commented, “In Asia-Pacific, Equinix has been investing significantly in provisioning effective interconnection solutions for enterprises, enabling them to deploy a distributed IT infrastructure at the edge and privately connect with the centralised IT core.”
“With the expansion in Singapore, Equinix’s presence in the region is becoming even more significant as it pushes its footprint beyond regional hubs to national edge metros.”
Samuel Lee, president, Equinix Asia-Pacific added,“At the heart of digital business in Asia-Pacific, Singapore plays a crucial hub role for many organisations in the region, generating skyrocketing demand for cloud and interconnection services.”
“With interconnection accelerating across the Asia-Pacific region, the new SG4 IBX data centre will create more opportunities for businesses, both locally and regionally, to interconnect with their customers, partners and stakeholders to achieve digital success, further enhancing the digital economies across Singapore and the region.”