Equinix, the global interconnection and data center company, today announced the signing on June 27, 2019, of a greater than U.S.$1.0 billion initial joint venture with GIC, Singapore’s sovereign wealth fund, to develop and operate xScaleTM data centers in Europe.

Initially the Join venture will serve the unique core workload deployment needs of a targeted group of hyperscale companies.
Eample of hyperscale companies that might be interested in the Venure are Alibaba Cloud, Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure and Google Cloud

“As hyperscale companies expand around the world, they will increasingly look to partners to provide both broad global scale and deep local knowledge when deploying data center space. Equinix, with its track record of operational reliability, along with expertise in financing, permitting and building data centers globally, is an example of a partner that can provide a platform for top hyperscale companies to scale core workload operations as well as interconnected access points within an ecosystem of partners and customers” says Kelly Morgan, Vice President – Datacenter Infrastructure & Services.

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