ย The JV will develop and operate data centers throughoutย the Philippinesย leveraging complementary expertise and capabilitiesย
EdgeConneX, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions, announces the formation of a joint venture with Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, one ofย the Philippines’ย leading conglomerates, to address considerable and rising data usage inย the Philippines. The joint venture will leverage Aboitiz’ century-long local market expertise and its groupwide land and power assets with EdgeConneX’ global data center platform, build, and operational capabilities.
The exclusive partnership focuses on building a network of hyperscale data centers acrossย the Philippines. The first two data centers focus on theย Manilaย metro area, with a connectivity-focused facility adjacent to the local internet exchange (IX) and a secondary hyperscale campus facility also located in the greaterย Manilaย area. The partnership will look to tap AIC’s land bank of 1,400 hectares of prime industrial real estate and AboitizPower’s diversified renewable energy capacity, which the company aims to triple by 2030.
Latest ITechnology News: SqlDBM and LEIT DATA Partner to Empower Technical Teams
“There is great excitement about the partnership and the incredible market opportunity the partnership enables,” commentedย Cosette V. Canilao, Aboitiz InfraCapital President and CEO. “The Philippinesย is underserved and seeing high domestic data demand growth relative toย Southeast Asia. Our market size, favorable demographics, and proliferation of subsea cables makeย the Philippinesย an ideal destination for data center investments. We also have access to prime real estate in both city centers, such asย Manila, as well as emerging economic hubs like Batangas. We’re thrilled to have a premier global data center partner in EdgeConneX.”
“In AIC, we have the ideal partner inย the Philippines,” saidย Randy Brouckman, CEO of EdgeConneX. “They possess the local assets and expertise required to build out critical digital infrastructure that can best support our customers across the entire country. We look forward to investing in the digital economy ofย the Philippinesย and meeting our customers’ needs throughout the region. They complement our capabilities required to successfully capture this market opportunity.”
Latest ITechnology News: Stamus Networks Signs Reseller Agreement with EliteVAD
“Asiaย is a major focus area of investment and growth for EQT and EdgeConneX,” statedย Jan Vesely, Partner at EQT Partners.ย “The data usage inย Asiaย is expected to grow exponentially over the coming years, meaning that the underlying digital infrastructure must scale-up to meet increasing demand, thus creating compelling opportunities for investments. Whether through M&A or joint ventures such as this one with Aboitiz, we look to continue steadily building out the EdgeConneX global platform inย Asiaย in collaboration with leading local partners.”
“The Philippinesย has consistently flown under the radar until just the last few years,” statedย Jabez Tan, Head of Research, Structure Research. “The conditions are ripe for colocation providers to jump in and win business. In the last 12-18 months, data center operators, real estate developers, and investors have circled the market in anticipation of the expected demand. And the underdeveloped competitive landscape leaves the door open for tremendous opportunities and long-term growth potential.”
Latest ITechnology News: infodas Receives NITES Certification from the Cyber Security Agency of Singapore
[To share your insights with us, please write toย sghosh@martechseries.com]
