Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, and Oman Telecommunications Company (Omantel), announced the companies have entered into a joint venture to deliver data center and interconnection services to customers in the Middle East through the development of a new network-dense data center that will be located in Barka, near Muscat, the capital of Oman, the company said.
This joint venture will establish the first world-class, carrier-neutral hub in Oman where carriers, content providers and cloud providers colocate critical IT infrastructure.
Oman is strategically positioned between Asia, Africa and Europe, and the new Equinix International Business Exchangeâ¢ (IBXÂ®) data center will create a regional interconnection hub with ultra-low latencies between global business markets.
Under the terms of the agreement, Equinix and Omantel will both fund equity contributions in an amount of USUSD 10 million for the joint venture representing a 50% shareholding each, and additional funds will be raised through debt financing assumed by the joint venture company. The shareholders´ agreement was signed on June 20, 2018, and the joint venture company was established on June 26, 2018.
Equinix connects the world´s businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Omantel Wholesale is the international and domestic wholesale arm of Oman Telecommunications company S.A.O.G. (Omantel), the first and integrated telecommunications service provider in Oman.
Founded in 1970, Omantel is a joint-stock company listed in Muscat Securities Market and is 51% owned by Oman Investment Fund (OIF), a wholly owned investment arm of the Omani government. For more information, visit www.omantel.om/Wholesale