U.S. markets closed
  • S&P 500

    3,901.82
    +90.67 (+2.38%)
     
  • Dow 30

    31,535.51
    +603.14 (+1.95%)
     
  • Nasdaq

    13,588.83
    +396.48 (+3.01%)
     
  • Russell 2000

    2,275.32
    +74.27 (+3.37%)
     
  • Crude Oil

    60.20
    -1.30 (-2.11%)
     
  • Gold

    1,723.10
    -5.70 (-0.33%)
     
  • Silver

    26.64
    +0.20 (+0.76%)
     
  • EUR/USD

    1.2051
    -0.0036 (-0.30%)
     
  • 10-Yr Bond

    1.4460
    -0.0140 (-0.96%)
     
  • GBP/USD

    1.3924
    +0.0002 (+0.01%)
     
  • USD/JPY

    106.7550
    +0.2530 (+0.24%)
     
  • BTC-USD

    48,952.95
    +3,741.28 (+8.28%)
     
  • CMC Crypto 200

    980.03
    +51.80 (+5.58%)
     
  • FTSE 100

    6,588.53
    +105.10 (+1.62%)
     
  • Nikkei 225

    29,663.50
    +697.49 (+2.41%)
     

AdaniConneX, a new Data Center Joint Venture formed Between Adani Enterprises and EdgeConneX, to Empower Digital India

·5 min read

The Joint venture to develop 1 GW of data center capacity over the next decade

AHMEDABAD, India & HERNDON, Va., Feb. 23, 2021 /PRNewswire/ --

(Left to Right) Jeyakumar Janakaraj, CEO, AdaniConneX; Edmund Wilson, COO & Co-Founder, EdgeConneX; Anil Sardana, MD & CEO, ATL, MD - Thermal Power; Gautam Adani, Chairman, Adani Group; Sudipta Bhattacharya, CEO, Adani Group North America, and CTO, Adani Group
(Left to Right) Jeyakumar Janakaraj, CEO, AdaniConneX; Edmund Wilson, COO & Co-Founder, EdgeConneX; Anil Sardana, MD & CEO, ATL, MD - Thermal Power; Gautam Adani, Chairman, Adani Group; Sudipta Bhattacharya, CEO, Adani Group North America, and CTO, Adani Group
  • AdaniConneX to provide full range of data center solutions across India from Hyperscale Campuses to Hyperlocal Edge facilities leveraging EdgeConneX's global expertise.

  • The JV to provide high-quality, sustainable data center solutions, leveraging Adani's expertise in full-stack energy management, renewable power, real estate and experience in managing large infrastructure projects.

  • EdgeConneX, as a leading technology driven global data center provider with 50 facilities in over 30 markets, will provide its expertise in rapidly building out and operating data centers around the world.

  • The JV will focus on building a network of hyperscale data centers in India, starting with Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun.

Adani Enterprises, the flagship company of the Adani Group, one of India's largest multi-infrastructure organizations and EdgeConneX, a leading global data center operator with 50 facilities in 30 markets around the world, today announced the establishment of a 50:50 joint venture. The JV will develop and operate data centers throughout India, leveraging the two partners complementary expertise and capabilities. To address the rapidly growing need for high- quality and reliable IT infrastructure both organizations are committed to investing significant capital into the joint venture over the next decade to build out India's leading green data center platform.

In addition to full scale data centers, AdaniConneX will also develop a portfolio of Edge data centers strategically located throughout India that will support the need for more proximate capacity. These Edge sites are designed and planned to easily scale with demand and become full scale data center campuses. Importantly, this pan-Indian platform of hyperscale and hyperlocal data centers will largely be powered by renewable energy.

As a trusted provider of data center solutions to some of the largest and most demanding service providers in the world, EdgeConneX brings extensive data center expertise and industry-leading technology solutions to the venture.

"In Adani, we have the ideal partner in India," said Randy Brouckman, CEO of EdgeConneX. "They possess the necessary capabilities and unique expertise in India required to build out critical digital infrastructure that can best support our customers across the entire country. We look forward to investing in the digital economy of India and meeting our customers' needs throughout the region in collaboration with Adani."

The partnership will leverage Adani's expertise in full-stack energy management, renewable power and real estate development, as well as its experience in building and managing large infrastructure projects throughout India.

"One of the best manifestations of our Honorable Prime Minister's Digital India vision is the speed with which the entire Indian population has come online and the subsequent continued exponential growth in data consumption," said Gautam Adani, Chairman of the Adani Group. "India currently has one of world's largest data subscriber population and to address the need for a reliable infrastructure to support Cloud, Content, Network, IoT, 5G, AI and enterprise requirements, data centers are a fundamental infrastructure need of a nation. The Adani Group brings to the table a unique combination of green power, real estate expertise, access to undersea cable landing stations, and several nodes across the country that will serve as edge locations. In addition to EdgeConneX's domain expertise and cutting-edge technology in the data center business, we have been very impressed with the agility they bring to the joint venture."

The AdaniConneX JV will focus on building a network of hyperscale data centers in India, starting with the Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets. Development and construction at these sites have already begun.

About EdgeConneX - EdgeConneX provides a full range of data center solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale, and type of facility. Delivering flexibility, connectivity, proximity, and value, EdgeConneX is a global leader in anytime, anywhere, any scale data center services for a diverse portfolio of industries including Content, Cloud, Networks, Gaming, Automotive, SaaS, IoT, HPC, Security, and more. For more information, visit: https://www.edgeconnex.com

About Adani Enterprises - Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest multi-infrastructure organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and the recently formed Adani Gas, the company has contributed significantly to make the country self-reliant with our current portfolio of robust businesses. The next generation of its strategic business investments are centered on the fields of solar PV manufacturing, airport management, data centers & technology parks, and water infrastructure. Following these principles has led to very strong returns to our shareholders. A one-rupee investment in Adani Enterprises, which was the group's first IPO in 1994, has returned over 800X. For more information, visit: www.adanienterprises.com

Media inquiries: JSA for EdgeConneX: 1-866-695-3629 ext. 13, jsa_EdgeConneX@jsa.net; OR Adani Enterprises, India: Roy Paul, roy.paul@adani.com, Australia: Kate Campbell, ausmedia@adani.com.au, Singapore: Irene Yong, irene.yong@adani.in

Photo - https://mma.prnewswire.com/media/1442627/AdaniConneX_JV.jpg
Logo - https://mma.prnewswire.com/media/810989/EdgeConneX_Logo.jpg

SOURCE EdgeConneX