Equinix, Inc., a provider of data centers and Internet exchange services, yesterday announced that the company will build out a new center within its Washington, D.C. area campus to further expand its Washington, D.C. Internet Business Exchange (IBX) center.
Equinix claims that based on the success of its most recent expansion in the Washington, D.C. area in 2004, continued strong demand in the market, and strong financial returns, the company has decided to build out an existing structure on the campus that it announced the acquisition of last year. The expansion will add approximately 1,500 - 1,700 cabinets immediately adjacent to Equinix's existing IBX.
The company will build out one of the undeveloped buildings as a part of this new initiative, investing approximately $50.0 to $55.0 million of capital expenditures, of which approximately $40.0 million is expected to be incurred in 2006. The company intends to open the new center for customers in early
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Equinix to Expand Washington, D.C. IBX
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