Equinix is entering the Philippines market with the acquisition of three data centers from Total Information Management (TIM), a technology solutions provider.
Equinix said the all-cash transaction represents a multiple of approximately 15 times the projected EBITDA at full utilization and is expected to close in second half 2024. Exact financial terms were not disclosed.
The three carrier-neutral and interconnection-rich data centers include more than 1,000 cabinets of capacity and land for further expansion, supporting the digital transformation of local and global customers looking to expand into the Philippines. Enterprises, cloud and IT service providers, and network service providers around the world can leverage Equinix’s platform to interconnect and exchange data privately and securely within a vibrant ecosystem of business partners and customers.
This represents the latest expansion in Equinix's investment plans in Asia Pacific. Through the acquisitio
