Interxion Increases 2018 Capex Guidance
AMSTERDAM--(BUSINESS WIRE)--Sep 14, 2018--INTERXION HOLDING NV (NYSE:INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, today announced an increase in its 2018 annual capital expenditure guidance range to €425 million to €450 million, reflecting new capacity expansions in five markets, together with land acquisitions for future expansions.
“Interxion continues to benefit from strong colocation demand dynamics across our Big 4 and Rest of Europe markets,” said David Ruberg, Interxion’s Chief Executive Officer. “Accordingly, we remain in expansion mode, while continuing to see favourable trends in pre-sold metrics led by deals signed in the Platform segment.”
Interxion has today announced the following expansion initiatives:In Amsterdam, Interxion will add 2,700 square metres (“sqm”) of equipped space and 7 megawatts (“MW”) of customer power to its AMS10 data centre. This third phase (“AMS10.3”) is scheduled to become available in 2Q 2020. The capital expenditure for this expansion will be approximately €50 million; In Marseille, Interxion will complete its MRS2 data centre by building out the remaining 1,600 sqm and adding 3 MW of customer power. This phase (“MRS2.4”) is scheduled to open in 2Q 2019. The capital expenditure associated with this expansion will be approximately €25 million; Smaller expansions are commencing in Germany and Switzerland. In Frankfurt, Interxion will increase equipped space in its FRA6 data centre by adding 400 sqm. This phase (“FRA6.6”) is scheduled to open in 4Q 2018 and the associated capital expenditure will be approximately €5 million. In Dusseldorf, 400 sqm will be added to DUS2, scheduled to become available in 2Q 2019. The capital expenditure for this phase (“DUS2.3”) will be approximately €5 million. In Zurich, Interxion will add 300 sqm of equipped space and 2 MW of customer power at ZUR1. This phase (“ZUR1.6”) is scheduled to become available in 1Q 2019 with associated capital expenditure of approximately €10 million; and, Lastly, Interxion continues to seek opportunities to acquire land in a number of existing markets, with multiple transactions in progress at the current time. Some of these transactions are expected to be completed in 4Q 2018.
Interxion (NYSE: INXN) is a leading provider of carrier and cloud-neutral colocation data centre services in Europe, serving a wide range of customers through 50 data centres in 11 European countries. Interxion’s uniformly designed, energy efficient data centres offer customers extensive security and uptime for their mission-critical applications. With over 700 connectivity providers, 21 European Internet exchanges, and most leading cloud and digital media platforms across its footprint, Interxion has created connectivity, cloud, content and finance hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.
This communication contains forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results and future events to differ materially from Interxion’s expectations include, but are not limited to, the difficulty of reducing operating expenses in the short term, the inability to utilise the capacity of newly planned data centres and data centre expansions, delays in connection with the development of new data centres or data centre expansions, significant competition, the cost and supply of electrical power, data centre industry over-capacity, performance under service level agreements, and certain other risks detailed herein and other risks described from time to time in Interxion’s filings with the United States Securities and Exchange Commission.
Interxion does not assume any obligation to update the forward-looking information contained in this report.
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Jim Huseby, Tel: +1-813-644-9399
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SOURCE: INTERXION HOLDING NV
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PUB: 09/14/2018 07:00 AM/DISC: 09/14/2018 07:01 AM