Digital infrastructure company Equinix has announced its planned entry into the Philippines with the acquisition of three data centres from Total Information Management (TIM), a technology solutions provider.
Equinix says the acquisition of the three high-performance data centres will provide capacity for it to address the digital needs of local and overseas businesses in the country. It says enterprises, cloud and IT service providers and network service providers around the world can leverage Platform Equinix to interconnect and exchange data privately and securely within an ecosystem of business partners and customers.
Existing customers of TIM, including network and financial services companies, 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. The three carrier-neutral and interconnection-rich data centres 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 has plans to expand in new markets including Jakarta, Indonesia (with the JK1 data centre) and Chennai, India (CN1) later this year. With the capacity allocation by the government, Equinix will also expand its footprint in Singapore.
Following recently announced expansions in Malaysia and Indonesia, Equinix says this strategic move into the Philippines aims to help businesses expand and capitalise on the digital opportunity of the fast-growing Southeast Asia region.
Reuters points out that most Southeast Asian countries present a favourable environment for data centre establishments, thanks to their strong growth potential, young, tech-savvy population, inexpensive land and labour expense, and favourable policies.
It adds that tech giants such as Google, Microsoft, and Amazon have already invested billions of dollars in the region to cater to the burgeoning demand for artificial intelligence and cloud computing services.