Archived Content

The following content is from an older version of this website, and may not display correctly.
Retail colocation service provider Equinix announced on Monday a plan to build a third data center outside of Sydney, Australia. The company plans to invest $65m in the future facility's first phase, expected to bring online enough data center floor for 1,000 cabinets sometime in the second quarter of 2011.

"Our second Sydney IBX data center, which officially opened in early 2009, has filled ahead of our expectations," Equinix Asia Pacific President Samuel Lee said in a statement. "We are confident that this new capacity offering will also result in similar strong demand from both local and multinational corporate, government and financial services entities that leverage the Sydney metropolitan area as a key location for business."

IBX stands for International Business Exchange, the name Equinix has given its data centers.

The provider forecasts that the SY3 facility will have capacity for more than 3,000 cabinets at full build-out. It will have direct fiber connectivity to the existing two facilities on the company's campus located about one mile away from the SY3 site.

In April, Equinix received a $170m loan from a group of banks, which the company planned to use to finance its expansion in the Asia-Pacific markets, where it is currently present in Sydney, Singapore, Hong Kong, Shanghai and Tokyo.