The Japanese data center market must be going well for Equinix (NASDAQ:EQIX, news, filings), as today they announced plans to move beyond Tokyo. They're planning a new IBX in Osaka, with the help of K-Opticom and Kanden Energy Solutions. The former is a major network access provider in Kansai/Osaka and will supply connectivity, and the latter will aid in the construction and in the necessary power, of course.
This will be their first facility in Japan beyond Tokyo, where they have four facilities already. Phase 1 will feature some 320 cabinets and come online in the fourth quarter of this year. That much will cost Equinix some $12M, but I'm sure there are additional phases on the drawing board already.
Osaka customers will also have access to Equinix's Internet Exchange and to its Marketplace ecosystem at OS1, which are a big part of the company's focus these days.
Equinix is still planning a conversion to a REIT over the next few years, and when their earnings come out in a couple of weeks I expect we will hear more about the recent tax-related developments that have been dragging down the stock price in the short term.