OMB APPROVAL

OMB Number: 3235-0287

Expires: January 31, 2005

Estimated average burden hours per response...0.5

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1.

Name and Address of Reporting Person*

2.

Issuer Name and Ticker or Trading Symbol

3.

I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

STT Communications, Ltd (Last) (First) (Middle)

Equinix, Inc. (EQIX)

51 Cuppage Road #10-11/17 StarHub Centre (Street)

4.

Statement for Month/Day/Year

5.

If Amendment, Date of Original (Month/Day/Year)

December 31, 2002

6.

Relationship of Reporting Person(s) to Issuer (Check All Applicable)

7.

Individual or Joint/Group Filing (Check Applicable Line)

Singapore 229469 (City)        (State)        (Zip)

o

Director

x

10% Owner

o

Form Filed by One Reporting Person

o

Officer (give title below)

x

Form Filed by More than One Reporting Person

o

Other (specify below)

Reminder:		Report on a separate line for each class of securities beneficially owned directly or indirectly.
*		If the form is filed by more than one reporting person, see instruction 4(b)(v).

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.

Title of Security (Instr. 3)

2.

Transaction Date (Month/Day/Year)

2A.

Deemed Execution Date, if any (Month/Day/Year)

3.

Transaction Code (Instr. 8)

4.

Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

5.

Amount of Sec- urities Beneficially Owned Following Reported Trans- action(s) (Instr. 3 and 4)

6.

Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7.

Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

Amount

(A) or (D)

Price

Common Stock

12/31/02

12/31/02

P

1,084,686

A

(1)

1,084,686

I

By subsidiary

Page 2

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned   (e.g., puts, calls, warrants, options, convertible securities)

1.

Title of Derivative Security (Instr. 3)

2.

Conversion or Exercise Price of Derivative Security

3.

Transaction Date (Month/Day/Year)

3A.

Deemed Execution Date, if any (Month/Day/Year)

4.

Transaction Code (Instr. 8)

5.

Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

Code

V

(A)

(D)

Series A Convertible Preferred Stock

1-for-1

12/31/02

P

1,868,667

Convertible Secured Promissory Notes

$0.3366

12/31/02

P

$30,000,000

Preferred Stock Warrants

$0.01

12/31/02

P

965,674

Page 3

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued (e.g., puts, calls, warrants, options, convertible securities)

6.

Date Exercisable and Expiration Date (Month/Day/Year)

7.

Title and Amount of Underlying Securities (Instr. 3 and 4)

8.

Price of Derivative Security (Instr. 5)

9.

Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10.

Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11.

Nature of Indirect Beneficial Ownership (Instr. 4)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Immed.

-

Common Stock

1,868,667

(1)

1,868,667

I

By subsidiary

Immed.

11/1/07

Series A Convertible Preferred Stock

2,785,205

(2)

$30,000,000

I

By subsidiary

Immed.

11/1/07

Series A Convertible Preferred Stock

965,674

(2)

965,674

I

By subsidiary

Explanation of Responses:

(1) Pursuant to the Combination Agreement, dated October 2, 2002, by and among STT Communications, Ltd, Equinix, Inc., and others the consideration paid for these securities was capital stock of i-STT Pte Ltd. (2) The Convertible Secured Promissory Notes and Preferred Stock Warrants were acquired pursuant to Securities Purchase Agreement, dated October 2, 2002, by and among STT Communications, Ltd, and Equinix, Inc., for a total cash consideration of $30,000,000.

/s/ Pek Siok Lan		1/3/03
**Signature of Reporting Person		Date
Pek Siok Lan, Company Secretary

Page 4

Joint Filer Information

			Name: Singapore Technologies Pte Ltd
			Address: 51 Cuppage Road, #09-01 StarHub Centre, Singapore 229469
			Designated Filer: STT Communications Ltd
			Issuer & Ticker Symbol: Equinix, Inc. (EQIX)
			Date of Event Requiring Statement: December 31, 2002
			Signature: SINGAPORE TECHNOLOGIES PTE LTD

Joint Filer Information

			Name: Singapore Technologies Telemedia Pte Ltd
			Address: 51 Cuppage Road, #10-11/17 StarHub Centre, Singapore 229469
			Designated Filer: STT Communications Ltd
			Issuer & Ticker Symbol: Equinix, Inc. (EQIX)
			Date of Event Requiring Statement: December 31, 2002
			Signature: SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD