The agreements for additional joint ventures in the form of limited liability partnerships with GIC, when closed, will bring the xScale data centre portfolio to more than $6.9 billion across 32 facilities globally, Equinix said in a statement.

The joint venture projects are expected to close during the course of 2021. GIC will own an 80% equity interest in the future joint ventures and Equinix will own the remaining 20% equity interest, the statement added.

Last year in April, Equinix signed a joint venture worth more than $1 billion with GIC to build three data centres in Japan for the cloud computing market.

(Reporting by Kanishka Singh in Bengaluru; Editing by Stephen Coates)