GIC Equinix

History

2019: Creation of the company

On July 1, 2019 the sovereign fund Singapore GIC and the world's largest operator data centers Equinix announced creation of joint venture which will be engaged in development and service of new hyper scalable DPCs worldwide. Partners invested $1 billion in this project.

Shares in the new company are distributed in the ratio 80% for 20% for benefit of GIC. Within joint business of the company are going to start several data centers in the different countries, that number in Holland (Amsterdam), Great Britain (London) and Germany (Frankfurt). In Europe construction of six objects is planned. Each of them will be expected installation more than 10 thousand servers.

The largest operator of DPCs and Singapore for $1 billion created joint business for start of data centers worldwide

The created data processing centers will be addressed first of all to the large cloud companies Amazon Web Services (AWS), it seems, Microsoft Azure and Google Cloud which need more and more computing powers for processing of the growing amounts of data.

They grow quicker, than can increase own capacities therefore they address third-party suppliers, such as we to receive high capacities in different places, - the director of strategy and development of Equinix Eric Schwartz in an interview to the Business Insider edition reported.

DPCs which will be constructed by GIC Equinix will be located in the territory of the operating objects of Equinix or nearby and will be specially developed for satisfaction of "requirements of implementation of the main workflows" from the hyper scalable cloud companies.

Terms of agreement also provide that through JV Equinix will provide to cloud clients additional resources of the data centers xScale in Europe.

According to the analyst of 451 Research of Kelly Morgan, the agreement between Equinix and GIC can accelerate considerably implementation hybrid and multicloud in Europe and other countries^[1]

Notes