Equinix plans data center Capex of $2.5 bn in 2023

Equinix, the world’s digital infrastructure company, said its non-recurring capital expenditures, including xScale-related costs, are expected to reach $2.51-$2.74 billion in 2023.
Equinix at Oracle OpenWorld 2017Equinix is targeting to achieve revenue of $8.145 – $8.245 billion, a 12 – 14 percent increase over the previous year, in 2023.

Equinix reported 9 percent increase in revenue to $7.263 billion with operating income of $1.20 billion (+8 percent) and an operating margin of 17 percent, largely due to strong operating performance.

Equinix recently announced it is building its second data center in Barcelona. The new site will serve as a strategic connection point for data communications between Europe, Africa and the Middle East, with Barcelona quickly becoming a vital subsea hub.

This digital connectivity will be further bolstered by Equinix’s global platform of more than 245 data centers, which includes key Mediterranean metros such as Bordeaux, Genoa, Lisbon and Milan.

Equinix’s new facility, to be known as the BA2 International Business Exchange (IBX) data center, will be located adjacent to the company’s existing BA1 site.

“Colt’s expansion into Equinix’s new Barcelona site builds upon our existing metro connectivity across the country,” said Joan Monraba, Country Manager for Colt Technology Services, Spain.

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