(The Hosting News) – $43 million: That’s how much data center provider Equinix plans to invest in Tokyo to develop what will be its fourth data center in the area.
The plans, which were announced Thursday call for an eventual total capacity of 750 cabinet equivalents – something that will be carried out in separate phases.
“Tokyo is a strategic market for Equinix as it is one of the largest data center markets worldwide and a primary gateway for traffic from the U.S. to Asia. We believe our expanded presence in Japan will give our customers greater access to global network connectivity and capitalize on the opportunities presented by the Japanese market. We would like to thank Mitsubishi Estate for its support in securing ‘Otemachi Financial City’ for our TY4 data center,” commented Equinix Japan K.K. managing director Kei Furuta in a press release.
The city’s data center outsourcing market will reach 1.4 trillion by the next two years, Equinix noted in a press release while citing data from IDC.