July 23 (Reuters) - Equinix (EQIX.O), opens new tab has acquired three data centers in
the Philippines from Total Information Management to expand its presence in the
high growth potential region of Southeast Asia, the global data center firm said on
Tuesday.
The U.S.-based company, which has already established its presence in countries in
the region such as Indonesia and Malaysia, also intends to expand its footprint in
Singapore as the compact city-state, opens new tab opens the door to building more
facilities.
"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," said, opens new tab Jeremy Deutsch, president,
Asia-Pacific, at Equinix, without divulging any financial details.
Most Southeast Asian countries present a conducive environment for data center
establishments, thanks to their strong growth potential, young, tech-savvy
population, inexpensive land and labor expense, and favorable policies.
Global 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.
Equinix will also expand in new markets including Jakarta, Indonesia, and Chennai,
India later this year, it added.
