INTELLIGENT BRANDS // Data Centers

Acquisitions follow company ’ s recent expansions in Malaysia and Indonesia as Southeast Asia Grows as a digital hub .

Following the recently announced expansions in Malaysia and Indonesia , this strategic move aims to help businesses expand and capitalize on the digital opportunity of the fast-growing Southeast Asia region . The all-cash transaction represents a multiple of approximately 15x the projected EBITDA at full utilization and is expected to close in 2H 2024 , subject to customary closing conditions .

The acquisition of the three high-performance data centers will provide capacity for Equinix to address the digital needs of local and overseas businesses in the Philippines .

Jose Mari M . Antunez , Chairman , TIM , said : " TIM will continue to remain as a system integrator , helping our customers through their digital transformation strategies , this deal will bring immense benefits to our customers .”

The three carrier-neutral and interconnection-rich data centers include more than 1,000 cabinets of capacity and land for further expansion .

As part of Equinix ’ s ambitious investment plans in the Asia-Pacific region , the company will expand in new markets including Jakarta , Indonesia ( JK1 ) and Chennai , India ( CN1 ) later this year .

With the capacity allocation by the government , Equinix will also expand its footprint in Singapore .

These expansions will reinforce Equinix ' s leadership in the region and support the digital transformation of customers entering new markets .

Existing customers of TIM will also gain access to Equinix ’ s global ecosystems of more than 10,000 companies , including more than 2,000 networks and 3,000 cloud and IT service providers .

Southeast Asia ’ s digital economy grew to $ 218 billion in gross merchandise value ( GMV ) in 2023 .

The global footprint of Platform Equinix currently spans 260 data centers across 71 metros and 33 countries . In APAC , Equinix currently operates 56 data centers in 14 key metros across Australia , China , Hong Kong , India , Japan , Korea , Malaysia and Singapore – including the recently opened data centers in Johor ( JH1 ) and Kuala Lumpur ( KL1 ) in Malaysia . p

In particular , the Philippines ’ digital economy is expected to continue its upward climb toward $ 35 billion by 2025 , growing at a compound annual growth rate ( CAGR ) of 20 %.

The country is also seeing a surge in demand for digital infrastructure services , driven by a highly engaged digital population , booming e-commerce adoption and various government initiatives to promote digitization .

Jeremy Deutsch , President , Asia-Pacific , Equinix , said : " This strategic acquisition , combined with our recent expansions in Malaysia and Indonesia , as well as the awarded data center capacity in Singapore , will greatly enhance our footprint in the region . The expanded digital infrastructure will also enable our customers to thrive and embrace Digital Transformation , harnessing the potential of emerging technologies like private AI . This acquisition perfectly aligns with our vision to extend our leadership in the Asia-Pacific region , while driving the acceleration of the digital economy .”

66 INTELLIGENTCIO APAC www . intelligentcio . com