This strategic move aims to expand Equinix's presence in the high-growth Southeast Asia region. The acquisition provides capacity for Equinix to address the digital needs of local and overseas businesses in the Philippines.
Notably, Southeast Asia's digital economy is on the rise, with the Philippines expected to reach $35 billion by 2025, growing at a compound annual growth rate (CAGR) of 20%. Equinix's expansion aligns with this trend, enabling businesses to thrive and embrace digital transformation.
Equinix currently operates 56 data centers in 14 key metros across the Asia-Pacific region. These include Australia, China, Hong Kong, India, Japan, Korea, Malaysia, and Singapore. Notably, they've recently opened data centers in Johor (JH1) and Kuala Lumpur (KL1) in Malaysia.
As part of Equinix's ambitious investment plans in the Asia-Pacific region, the company will expand in new markets including Jakarta, Indonesia (JK1) and Chennai, India (CN1) later this year.
Equinix is the world's digital infrastructure company, headquartered in Redwood City, California. It specialize in Internet connection and data centers. Equinix is a leader in the global colocation data center market, with 260 data centers across 33 countries on five continents. The company's mission is to connect places, partners, and possibilities, empowering businesses to accelerate their advantage by accessing the right ecosystems and infrastructure.
Equinix claims to have invested more than $25 billion in its data center platform.[65] The firm calls its data centers International Business Exchanges (IBXs).
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