Equinix Inc Stock Price, News & Analysis

Equinix (Nasdaq: EQIX) has announced a quarterly conference call scheduled for October 28, 2020, at 5:30 PM ET to discuss its third quarter results for the period ending September 30, 2020. Investors can join the call by dialing 1-517-308-9482 and using the passcode EQIX. A live webcast will also be available on the company's website under the Investor Relations section. A replay of the call will be accessible one hour after the call until February 10, 2021.

Equinix and Omantel have launched a new International Business Exchange™ (IBX®) data center in Barka, Oman, enhancing the region's digital infrastructure. The facility, MC1, will serve as a carrier-neutral hub for cloud providers and content providers, offering over 23,600 square feet of colocation space with future growth potential. Positioned as a regional interconnection hub, it provides direct access to submarine cable systems and caters to the rising demand for low-latency connections in the Middle Eastern market.

Equinix (Nasdaq: EQIX) has completed its acquisition of 13 data centers in Canada from BCE Inc. for US$780 million. This all-cash deal includes approximately 1.2 million gross square feet of data center space and over 600 customers, 500 of whom are new to Equinix. The acquisition enhances Equinix's position in the Canadian market and is expected to generate US$112 million in annualized revenue. Andrew Eppich has been appointed as Managing Director for Canada to oversee strategic growth and customer relations.

Equinix, Inc. (Nasdaq: EQIX), a leader in digital infrastructure, received the 2020 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA). The award recognizes Equinix as a Green Power Partner of the Year for its commitment to renewable energy and sustainability. As of 2019, Equinix sourced over 2.3 billion kWh of green power annually in the U.S., enough to power approximately 275,000 homes. The company aims for 100% clean and renewable energy across its global operations.

Equinix (Nasdaq: EQIX) announced its selection as a strategic supplier for Nokia's Worldwide IoT Network Grid (WING) managed service on Sept. 23, 2020. This collaboration aims to enhance next-gen edge architectures and services for global mobile and IoT connectivity. Utilizing Equinix's IBX data centers, Nokia plans to deploy core and edge nodes, enabling efficient data collection from IoT devices while adhering to local regulations like GDPR. This partnership is set to facilitate rapid WING deployment and improve performance in cloud computing, AI, and machine learning.

Equinix (Nasdaq: EQIX) announced a partnership with Rakuten Mobile Singapore to deploy the Rakuten Communications Platform (RCP) globally. The phased deployment will start in Singapore and Los Angeles, with further expansions in the U.S., EMEA, and Asia-Pacific. This collaboration aims to meet the increasing demand for network services, projected to grow 4x by 2022, according to Equinix's Global Interconnection Index. By leveraging Equinix's infrastructure, Rakuten Mobile will enhance its cloud-native network services, offering secure and low-latency options to operators and enterprises worldwide.

Equinix (Nasdaq: EQIX) announced an expanded partnership with VMware to enhance digital transformation for enterprises. VMware's SD-WAN Edge will now be available as a virtual network function on Equinix's Network Edge, promoting easy deployment of network services without physical hardware. This collaboration aims to support agile, flexible enterprise networks, optimizing connectivity between remote users and applications. The integration enables global connectivity through Equinix's data centers, enhancing business continuity amid increasing demands for digital solutions.

Equinix (Nasdaq: EQIX) announced its expansion into India through the acquisition of GPX Global Systems' India operations for US$161 million, representing a 15x EBITDA multiple at full utilization. This all-cash transaction is expected to close in Q1 2021, pending regulatory approval. The acquisition adds two data centers in Mumbai, enhancing Equinix’s presence in a growing digital market projected to contribute US$355-435 billion to India's GDP by 2025. The deal will support existing customers and foster digital transformation across the region.