SAN FRANCISCO, April 25, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a leading global provider of data center solutions, today announced the launch of the Company's new connectivity initiative to offer the Digital Realty Ecosystem of network services across its global portfolio.
"The launch of this important strategy takes our global portfolio to the next level in terms of network connectivity, which is a key factor for customers when selecting a data center provider," said Michael F. Foust, chief executive officer of Digital Realty. "When combined with our scale, expertise and global footprint, this initiative will give customers a one-stop shop for all of their data center needs."
John Sarkis, vice president carrier and connectivity operations for Digital Realty and architect of the plan, added, "The Digital Realty Ecosystem is designed to give customers a neutral, efficient, and connectivity rich environment for our customers to connect, not only to any carrier of choice, but directly to one another. In addition, this ecosystem will provide an underlying infrastructure for carriers and service providers to deliver their entire portfolio of products and services to our customers, without the major capital intensive deployment costs hindering their business models."
Beginning with the Company's major campus locations including New York Metro, Boston, Ashburn, Chicago, Dallas, Santa Clara as well as Metro London, the Company plans to run high count dark fiber between buildings, enabling Digital Realty to offer a "plug and play" GigE product as well as straight dark fiber cross-connects to customers, carriers and service providers campus-wide. Completion of the deployment in the U.S. is expected by the fourth quarter of 2013, followed by Asia Pacific and Europe in the first half of 2014.
"The important distinction here is that we are not building a network, nor are we becoming a reseller," added Mr. Foust. "The goal of this initiative is to ensure a robust offering of network and carrier products and services in every Digital Realty location, making our portfolio the easiest place for both wholesale and retail colocation customers to locate their data centers."
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 121 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 22.7 million square feet as of April 3, 2013, including 2.4 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Asia and Australia.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our new connectivity initiative, the Digital Realty Ecosystem, deployment strategy, and expected timing for deployment. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for development; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2012. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|For Additional Information:|
|A. William Stein||Pamela M. Garibaldi|
|Chief Financial Officer and||Vice President, Investor Relations and|
|Chief Investment Officer||Corporate Marketing|
|Digital Realty Trust, Inc.||Digital Realty Trust, Inc.|
|+1 (415) 738-6500||+1 (415) 738-6500|
SOURCE Digital Realty Trust, Inc.