Equinix inked a second $1 billion-plus deal with GIC, Singapore’s sovereign wealth fund, to develop and operate hyperscale data centers in Japan.

The two organizations formed their first joint venture (JV) last July, also valued at more than $1 billion, to build xScale data centers in Europe for large cloud providers and other hyperscale companies.

Equinix CEO Charles Meyers teased the latest GIC deal on the interconnection giant’s most recent earnings call, saying that Equinix continues “to make significant progress with our hyperscale strategy.”

“We are already looking to expand our European JV and advancing additional JV conversations in Japan and other targeted geographies,” he said, according to a Seeking Alpha transcript.

Under the new joint venture, Equinix and GIC will initially build three xScale facilities, one in Osaka and two in Tokyo, that target the same massive companies — think: Alibaba Cloud, Amazon Web Services, Google Cloud, IBM Cloud, Microsoft Azure, and Oracle Cloud Infrastructure — as they expand in the Asia-Pacific region, where interconnection bandwidth is forecast to reach more than 3,825 Terabytes per second by 2022. This is 28% larger than Europe.

These xScale data centers give customers access to Equinix’s interconnection and edge services. By using Equinix’s SDN-based platform, hyperscale companies can add deployments to their footprints across 55 global metros on five continents.

The three hypescale data centers will provide about 138 megawatts of power capacity to the Osaka and Tokyo markets when fully built out, according to Equinix.

Equinix currently operates 13 data centers in Japan.