Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Du Alliance Brings Platform Equinix To The Middle East By Creating A New Hub In Dubai

Stock quotes in this article: EQIX 

Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, and Emirates Integrated Telecommunications Company PJSC (DFM: du), today announced they have entered into an alliance to deliver data center and interconnection services to customers in the Middle East.

This alliance will establish the first world-class, carrier-neutral hub in the region where carriers, content providers, cloud providers, financial service and enterprise customers colocate critical data infrastructure.

To underpin the alliance’s initial business offering, Equinix has acquired a newly built data center facility in Dubai. Equinix will operate this new International Business Exchange ( IBX ®) data center, which has capacity of 44,000 square feet and approximately 650 cabinets. The first phase of the data center is expected to be completed and open for business by January 1, 2013. Equinix expects to invest approximately US$40 million for the acquisition, upgrade and future expansion of this site.

Additionally, du has created the recently announced datamena brand, and expects to invest an equivalent amount to further grow the datamena platform and service portfolio over time. datamena constitutes a transit zone, which allows international customers to host and distribute content, and to trade data capacity in a cost effective way. datamena services will only be available in the data centers in the alliance. Along with investments in the datamena hub, du has also secured the capability to offer its enterprise customers du managed data center services and data center capacity.

Through this alliance, customers of Equinix and du will benefit from close proximity to the United Arab Emirates (UAE) and regional market and have the opportunity to connect to more than 4,000 customers across Platform Equinix . This brings significant advantages to customers looking to expand their global footprint, and is expected to be a growth accelerator for businesses in the UAE and the rest of the Middle East region. UAE-based organizations will be able to gain competitive advantage through the provision of operationally reliable, highly resilient and secure data center facilities located within country. The alliance will allow du to offer network, interconnection and data center services to its existing and growing UAE customer base.

“The Middle East continues to strengthen its position as an important business hub and we are seeing increased demand from our customers for data center services across the region. We see Dubai and the UAE as a key business gateway and are excited to open a new data center in the area to help facilitate growth,” said Eric Schwartz, president, Equinix EMEA. “Many companies are looking to expand their operations into and out of the area, and we will be working with du to provide the connectivity and services they require to succeed.”

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs