Interxion : to Construct New Data Centres in...

AMSTERDAM 23 February 2017. INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, today announced that in response to continued customer demand, it will construct additional data centres in Frankfurt, London, and Stockholm.

'Connectivity remains the cornerstone of our business model and is driving growth in multiple target market segments across our Pan-European footprint as demonstrated by the three new data centre builds that we are announcing today,' said David Ruberg, Interxion's Chief Executive Officer. 'Demand in Frankfurt remains robust, and Interxion's campus in the city is among the world's most highly connected. We continue to attract cloud platforms together with connectivity providers, content providers and enterprises to these data centres. Customer interest for our services in London has continued since last summer's Brexit vote. Interxion's campus in Central London has developed strong communities of interest in the financial services, digital media, and connectivity segments, and this new data centre will enable Interxion to further enhance these vibrant communities. Stockholm, the market with the highest connectivity concentration in the Nordics, is a leading location for technology innovation and data content and serves as a transit city to Eastern Europe and Russia. We continue to experience strong demand in Stockholm, driven by systems integrators, cloud, digital media and connectivity segments.'

Interxion will construct its twelfth data centre ('FRA12') on its Frankfurt campus. FRA12 is expected to provide approximately 1,100 square metres ('sqm') of equipped space and a total of approximately 2 MW of customer available power. The capital expenditure associated with FRA12 is expected to be approximately €19 million. FRA12 will be constructed in a single phase that is scheduled to become available in 4Q 2017 and will supplement FRA11, which is also scheduled to become available starting in 4Q17. A total of 5,900 sqm of equipped space is being constructed across the two new data centres in Frankfurt.

In London, Interxion will build its third data centre ('LON3') on its Brick Lane campus. LON3 is expected to provide approximately 1,800 sqm of equipped space and a total of approximately 3 MW of customer available power. LON3 will be constructed in a single phase that is scheduled to become available in mid-2018. The capital expenditure associated with LON3 is expected to be approximately €35 million.

In Stockholm, Interxion will construct its fifth data centre ('STO5') on its existing campus. STO5 is expected to provide approximately 2,200 sqm of equipped space and a total of approximately 3.5 MW of customer available power when fully built out. STO5 will be constructed in three phases. The first phase, which will provide approximately 600 sqm of equipped space and nearly 1 MW of customer available power, is scheduled to be available in 3Q 2017. The capital expenditure associated with STO5 is expected to be approximately €29 million.

Interxion will be reporting its 4Q and full year 2016 results on 1 March 2017. The company expects to provide, among other disclosures, capital expenditure guidance for 2017 that will include the anticipated 2017 investments for these three data centres.