Equinix Announces Annual Report, New Expansions

The company delivered a 19th consecutive year of revenue growth

Equinix, Inc. published its Annual Report and announced an expansion in its collaboration with NexGen Networks, as well as expansions in Africa and the Middle East.

  • Equinix published its Annual Report. According to the latest data the company delivered a 19th consecutive year of revenue growth and strong AFFO per share,and bringing its 10-year annualized equity returns to approximately 25%. In addition, for the fourth year in a row, the company relies on more than 90% renewable energy, has invested $25 million to achieve greater energy efficiency and has issued $4.9 billion worth of green bonds since 2020 of which $2.9 billion has been earmarked for green buildings, renewable energy and energy efficiency projects.
  • Equinix and NexGen Networks, a global digital infrastructure company and provider of fibre optic-based network solutions, announced the expansion of their collaboration to meet increasing capacity demand from leading financial services firms and global enterprises. NexGen is leveraging Equinix International Business Exchange™ (IBX®) data centres in Frankfurt (FR4) and London (LD8) to create digital diversity in these key European cities and enable its customers to stay ahead of their competitors in an industry dependent on low-latency and secure IT infrastructure. The expansion will deliver increased access to critical digital infrastructure in the two leading global financial and commercial centres, while extending secure direct cloud connectivity for both NexGen and its customers.

  • The company has also completed its deal to acquire West African data center and connectivity solutions provider MainOne for an enterprise value of US$320M, marking the beginning of its expansion into the African continent. The completion of this acquisition augments Equinix’s long-term strategy to become a leading African carrier-neutral digital infrastructure company by being able to bring a full range of transformative technologies and connectivity to Nigeria, Ghana and Cote d’Ivoire. This acquisition will extend Platform Equinix® into West Africa, giving organizations based inside and outside of Africa access to global and regional markets. Nigeria has both the largest population and the largest economy of any country in Africa, with approximately 142 million active internet subscribers. Home to new innovative digital ecosystems in fintech and content and digital media, it has great opportunity for expansion of digital services.
  • Equinix announced plans to build a brand new data center in the city of Salalah, which is located on the south coast of the Sultanate of Oman in the Middle East. The data center is being built in cooperation with Omantel and will be commercially and operationally managed in full by Equinix as a carrier neutral and open access Equinix International Business Exchange™ (IBX®) data centre. The new site, named SN1, demonstrates Equinix’s commitment to Oman and the Middle East region. SN1 will be the second carrier neutral data center to be built in Oman after MC1 in Muscat and will be Equinix’s fifth data center in the region alongside strategic sites in Dubai and Abu Dhabi. Once open, SN1 will become a key interconnectivity point for traffic flows between Asia, Europe, and Africa.

Some of the coverage is available below:

BTA: The digital infrastructure company Equinix has a 19th consecutive year of revenue growth

TechNews.bg: Equinix expands its business in EMEA

Publics.bg: Equinix announced the results of its Annual Report and new expansions

Digitalk.bg: Equinix increased their annual revenue by 11%