Data centre firm Equinix will invest $1 billion (approximately £793 million) into building six data centres across Europe to support some of the biggest cloud players like Microsoft Azure and Google Cloud Platform (GCP).
Backed by Singapore's sovereign wealth fund GIC, Equinix will establish new xScale facilities in key locations around Europe, including London and Paris. They will be based near, or on, the firm's International Business Exchange (IBX) campuses and provide companies with heightened connectivity and edge computing capabilities.
Equinix is only targeting hyperscale companies initially. These, in addition to Azure and GCP, includes Alibaba Cloud, Amazon Web Services (AWS), and Oracle Cloud Infrastructure, to support their unique workloads.