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REDWOOD CITY, Calif. and MANILA, The Philippines, July 22, 2024 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the arena’s virtual infrastructure corporate®, lately introduced its deliberate access into the Philippines with the purchase of 3 knowledge facilities from Overall Data Control (“TIM”), a well-known era answers supplier. Following the just lately introduced expansions in Malaysia and Indonesia, this strategic proceed goals to support companies increase and capitalize at the virtual alternative of the fast-growing Southeast Asia patch. The all-cash transaction represents a more than one of roughly 15x the projected EBITDA at complete usage and is anticipated to related in 2H 2024, matter to commonplace last situations.
The purchase of the 3 high-performance knowledge facilities will lend capability for Equinix to deal with the virtual wishes of native and out of the country companies in the Philippines. Enterprises, cloud and IT provider suppliers, and community provider suppliers world wide can leverage Platform Equinix® to interconnect and change knowledge privately and securely inside a colourful ecosystem of commercial companions and consumers. Present consumers of TIM, together with community and fiscal services and products corporations, can even achieve get right of entry to to Equinix’s world ecosystems of greater than 10,000 corporations, together with greater than 2,000 networks and three,000 cloud and IT provider suppliers.
Southeast Asia’s virtual economic system grew to $218 billion in rude products worth (GMV) in 2023.1 Particularly, the Philippines’ virtual economic system is anticipated to proceed its upward climb towards $35 billion by means of 2025, increasing at a compound annual expansion charge (CAGR) of 20%.2 The rustic may be visible a surge in call for for virtual infrastructure services and products, pushed by means of a extremely swamped virtual folk, booming e-commerce adoption and diverse executive projects to advertise digitization, such because the E-Executive Masterplan 2022 and the Digi-Ed 2028 program.
Jeremy Deutsch, President, Asia-Pacific, Equinix stated: “We are thrilled to announce our expansion into the Philippines, a vibrant and rapidly expanding digital economy that presents immense opportunities for our valued customers and partners. 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. This 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.”
Jose Mari M. Antunez, Chairman, Overall Data Control commented: “Equinix’s strong reputation and expertise in the industry make them the ideal partner to take our data center business to new heights. While 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. Equinix’s global platform and extensive network will provide enhanced connectivity, scalability and access to a thriving ecosystem of partners. We are confident that Equinix’s commitment to excellence and customer-centric approach will ensure a seamless transition and deliver unparalleled value to our customers.”
Highlights / Key Information
- The 3 carrier-neutral and interconnection-rich knowledge facilities come with greater than 1,000 cupboards of capability and land for additional enlargement. Those knowledge facilities will aid the virtual transformation of native and world consumers shopping to increase into the Philippines.
- As a part of Equinix’s enthusiastic funding plans within the Asia-Pacific patch, the corporate will increase in brandnew markets together with Jakarta, Indonesia (JK1) and Chennai, Republic of India (CN1) then this age. With the capability allocation by means of the federal government, Equinix can even increase its footprint in Singapore. Those expansions will beef up Equinix’s management within the patch and aid the virtual transformation of shoppers increasing into brandnew markets.
- Lately, the worldwide footprint of Platform Equinix spans 260 knowledge facilities throughout 71 metros and 33 international locations. In Asia-Pacific, Equinix lately operates 56 knowledge facilities in 14 key metros throughout Australia, China, Hong Kong, Republic of India, Japan, Korea, Malaysia and Singapore, together with the just lately opened knowledge facilities in Johor (JH1) and Kuala Lumpur (KL1) in Malaysia.
Extra Sources
About Equinix
Equinix (Nasdaq: EQIX) is the arena’s virtual infrastructure corporate®. Virtual leaders harness Equinix’s relied on platform in order in combination and interconnect foundational infrastructure at device velocity. Equinix permits organizations to get right of entry to all of the proper parks, companions and probabilities to scale with agility, velocity the founding of virtual services and products, ship world-class studies and multiply their worth, presen supporting their sustainability objectives.
Ahead Taking a look Statements
This press loose comprises forward-looking statements that contain dangers and uncertainties. Fresh effects would possibly vary materially from expectancies mentioned in such forward-looking statements. Components that may purpose such variations come with, however aren’t restricted to, dangers to our trade and running effects homogeneous to the stream inflationary surrounding; foreign currency echange change charge fluctuations; keep worth fluctuations; greater prices to acquire energy and the overall volatility within the world power marketplace; the demanding situations of obtaining, running and developing IBX® and xScale® knowledge facilities and growing, deploying and turning in Equinix merchandise and answers; unanticipated prices or difficulties in relation to the mixing of businesses we now have bought or will gain into Equinix; a failure to obtain vital revenues from consumers in just lately constructed out or bought knowledge facilities; failure to finish any financing preparations pondered from presen to presen; festival from current and brandnew competition; the power to generate enough coins stream or in a different way download budget to pay off brandnew or remarkable indebtedness; the loss or subside in trade from our key consumers; dangers homogeneous to our taxation as a REIT; dangers homogeneous to regulatory inquiries or litigation and alternative dangers described from presen to presen in Equinix filings with the Securities and Trade Fee. Particularly, see contemporary and then Equinix quarterly and annual experiences filed with the Securities and Trade Fee, copies of that are to be had upon request from Equinix. Equinix does now not think any legal responsibility to replace the forward-looking knowledge contained on this press loose.
1 Florian Hoppe, et al., “e-Conomy SEA 2023,” Bain & Corporate, Nov. 1, 2023.
2 “Country Spotlight: Philippines,” Google e-Conomy SEA 2023, Google, 2023.
SOURCE Equinix, Inc.
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