Equinix Announces New Customers and New Services in Asia.

Business Editors/High-Tech Writers

FOSTER CITY, Calif.--(BUSINESS WIRE)--May 14, 2003

Electronic Arts, Fidelity and Fujitsu Join Kyocera and Others as Exchange Provider's Key Asian Customers; Most Major Asian Networks Now

Available at Equinix IBX(R) Centers in the U.S. and Asia

Equinix, Inc. (Nasdaq:EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced significant momentum in key customer segments and the addition of new services in Asia. The announcements come after the company's successful merger of i-STT and Pihana Pacific, completed in January. The integration of these companies into Equinix, including data centers located in the key Asian business cities of Hong Kong, Tokyo, Singapore and Sydney has made it the largest global network-neutral Internet exchange services company.

New Enterprise Customers

Equinix announced several new enterprise customers as well as expansions by existing customers. New customers utilizing Equinix's expanded international services include Fidelity, University of California Berkeley (Singapore), Standard Life Asia, HypoVereinsbank, Tuline Online, HKNet and IBASE. Additionally, U.S. customers extending their services to Asia include Electronic Arts, iBasis and Virtela. Existing Asian customers adding new services include Fujitsu Asia and Qwest International.

By locating within Equinix's Internet hubs, these companies can quickly, easily and privately interconnect with a choice of leading networks and with their critical business partners within a highly secure and reliable Internet hub. In addition to the end-user performance benefits of directly connecting to business partners, Equinix also allows companies to eliminate intermediate local loops, significantly lowering overall interconnection costs.

"The convergence of IT and telecommunications has changed the marketplace dramatically," said Peter Van Camp, CEO of Equinix. "Customers now see a tremendous opportunity in creating a flexible approach to the way they buy network and IT services. Equinix will lead the way in Asia by offering a combination of available network-neutral meeting points and managed Internet infrastructure services that enable customers to leverage the benefits of operating within an Internet hub in this important market."

"In our plans to introduce outsourcing services in key markets outside Japan, time-to-market was a critical success factor," said Minoru Ikeda, senior VP of Fujitsu Asia. "Partnering with Equinix helped us to leverage on a network-rich, high-availability, high-performance data center environment to rapidly bring our outsourcing services to the local market without compromising on service standards and quality."

Networks at Equinix

Equinix also announced several new and expanded network provider customer agreements, including Telekom Malaysia, Nippon Telephone and Telegraph Corporation, REACH and Japan Telecom. Together with existing customers Hutchison Global Communications, PCCW, Asia Netcom, SingTel, StarHub and Internet Initiative Japan Inc., Equinix now offers access to most of the major Asian networks through its IBX centers in Asia and the U.S.

Equinix provides these Asian networks with the ability to interconnect, or "peer," with other networks, as well as to sell transit services to the enterprises, content providers and e-commerce companies participating in Equinix's 15 global Internet hubs. Equinix IBX centers are the only places where this critical mass of leading Asian carriers can be reached, offering a compelling prospect for Asian companies as well as other foreign companies seeking access to these strategic Asian networks.

New Services

Equinix also announced a new service strategy for its Asian operations. As a part of the new service strategy, Equinix intends to extend the suite of managed services that are currently available within the company's Singapore IBX center, to all of Equinix's locations in Asia. The suite of managed IT infrastructure services will be customized to match individual market needs and will be comprised of services currently offered in the Singapore IBX center, which includes managed security, monitoring and managed bandwidth services. These will be supported by a world-class regional Network Operations Center (NOC) located in Singapore and technical personnel located within each Equinix IBX center. This combination of a regional NOC and in-country technical expertise provides a strong basis that uniquely qualifies Equinix to offer IT infrastructure services.

Equinix also announced the expansion of the company's Equinix GigE Exchange service to Asia. The service facilitates ISP and content peering amongst Equinix customers via a gigabit Ethernet central switching fabric, and is currently available in Equinix's Sydney and Tokyo IBX centers. Among the company's first customers for the Equinix GigE Exchange service in Asia are Hostworks, Powertel, Dot Communications and Uecomm in Sydney, and MIND, Equant and others in Tokyo.

Equinix GigE Exchange service provides an efficient and cost-effective means to leverage the aggregation of Internet companies operating within Equinix IBX centers for traffic exchange, resulting in enhanced speed and reliability. The service allows ISPs to reduce the costs of establishing peering connections to each other in multiple locations by eliminating intermediate network backbones and establishing a more direct route to end-users. The result is enhanced performance and cost reduction through the elimination of costly transit circuits. In comparison to other public exchanges operating across Asia, Equinix operates its peering hubs in network-neutral, highly secure centers using advanced peering technologies. The Equinix network neutral business model is the primary reason for its dominant market leadership position for peering and exchange services in the U.S. and, with the introduction of Equinix GigE Exchange service to Tokyo and Sydney, the company is bringing its expertise in exchange services to Asia.

In conjunction with the rollout of Equinix GigE Exchange in Asia, Equinix also announced that the company plans to host several peering forums throughout Asia in 2003. The forums, following the successful format used in the U.S., will feature educational sessions from experts on technical best practices as well as in-depth presentations focused on network and content peering methodologies and strategies. The forums will also feature programs to assist Internet Service Providers (ISPs) and content players in establishing peering relationships. Previous Equinix peering forums have been held in San Jose, California, the Washington, D.C. area, Chicago and Dallas. The forums have drawn hundreds of participants from leading network service providers and content companies such as Google, Qwest, SBC, Verio, Japan Telecom, KDDI and Yahoo! The first of these forums will be held in Sydney on June 19 and in Tokyo this summer.

About Equinix

Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies and network services providers. Through the company's 15 Internet Business Exchange(TM) (IBX(R)) centers in six countries, customers can directly interconnect with the providers that serve more than 90% of the world's Internet networks and users for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.

Note to Editors: Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of operating IBX centers and developing, deploying and delivering Equinix services; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay outstanding indebtedness; the loss or decline in business from our key customers and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.