Equinix and GIC to form a data center joint venture.

Equinix, a digital infrastructure company, and GIC agreed to form a data center joint venture. The data center sites would be scattered across Europe, Asia-Pacific, and the Americas. GIC will own an 80% equity interest in joint ventures and Equinix will own 20% equity interest. Financial terms were not disclosed. "By building upon the xScale portfolio, Equinix is well-positioned to further accelerate the adoption of hybrid and multicloud as the IT architecture of choice for today's businesses, while meeting hyperscalers' needs for operational reliability, global reach and interconnectivity to rich ecosystems that are critical to serving their customers worldwide," Jabez Tan, Structure Research Head of Research.