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Equinix, Inc.

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Equinix is expanding its business organically and through strategic acquisitions. In May, the company announced its plan to expand the company's London data center. Specifically, the $39 million of investment will be made for expansion of the company’s LD4 IBX data center at its London Slough campus. Moreover, the company has joined forces with Telefónica's infrastructure subsidiary, Telxius, to work on the U.S. facilities and services for the next-generation cable landing station architecture, in a bid to support the MAREA and BRUSA cable systems. Further, in April 2018, the company completed the acquisition of Infomart Dallas in Latin America and Metronode in Australia. Notably, the company’s recurring revenue model and current expansion plans are encouraging. Nonetheless, we are concerned about the company’s growing debt burden, which will adversely affect the operating results as interest expenses would go up.

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