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Stock impact report

Equinix, Singapore fund GIC to invest in cloud data centers in Japan [Reuters]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: Reuters
Equinix, Singapore fund GIC to invest in cloud data centers in Japan (Reuters) - Data center firm Equinix Inc said on Tuesday that it signed a joint venture worth more than $1 billion with Singapore sovereign wealth fund GIC [GIC.UL] to build three data centers in Japan for the cloud computing market. Equinix has more than 200 data centers around the world that it leases to a base of 9,700 customers, making it one of the biggest players in the industry. Many of those customers lease space, power and connections to the wider internet from Equinix, but purchase and operate their own data servers and equipment. By contrast, cloud computing companies such as Amazon.com Inc’s Amazon Web Services, Alibaba Group Holding and Microsoft Corp spend billions of dollars to build and operate their own data centers, renting out the computing power itself rather than physical space. But the two businesses also overlap. Cloud players often use Equinix services to connect to customers, sometimes even r Show less Read more
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