Equinix announced its planned entry into the Philippines with the acquisition of three data centers from Total Information Management ("TIM"), a leading technology solutions provider.
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 three carrier-neutral and interconnection-rich data centers include more than 1,000 cabinets of capacity and land for further expansion.
Today, the global footprint of Platform Equinix spans 260 data centers across 71 metros and 33 countries. In Asia-Pacific, Equinix currently operates 56 data centers in 14 key metros across Australia, China, Hong Kong, India, Japan, Korea, Malaysia and Singapore.
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