Equinix Enters Malaysia With $40M Initial Investment

  • Equinix Inc EQIX has made its market entry into Malaysia with plans to build a new International Business Exchange (IBX) data center.
  • The initial investment would amount to about $40 million.
  • The data center, to be called JH1, is expected to begin operations in Q1 2024, providing 500 cabinets and 1,960 square meters of colocation space.
  • The IBX data center will support Malaysian companies and multinationals doing business in Malaysia with access to Platform Equinix.
  • The move is in line with the MyDIGITAL initiative launched by the Malaysian Government, aiming to provide a blueprint for the country to accelerate growth of digital products and services.
  • Price Action: EQIX shares closed higher by 1.26% at $670.96 on Tuesday.
  • Photo Via Company
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