EdgeConneX has partnered with local Philippine firm Aboitiz and is planning two data centers around Manila.
In a filing with the Philippine Stock Exchange this week, Aboitiz InfraCapital (AIC) announced it was diversifying into data centers in a partnership with EdgeConneX.
The company said the new joint venture aims to develop a data center platform to serve cloud service providers. The initial data center will be located in proximity to the National Capital Region of Manilla, with a secondary hyperscale campus planned to be located in the Greater Manila Area.
Specifications and timelines weren’t shared.
“Businesses are increasingly turning to cloud service providers — or “hyperscalers” — for cost efficiency, flexibility, and scalability; and thus the need for data centers has never been more demanding. This trend will continue with certainty and speed, and our efforts to seize the opportunities it offers have been proven successful with this latest landmark infrastructure deal for the Aboitiz Group,” said Sabin Aboitiz, President, and CEO of the Aboitiz Group.
Randy Brouckman, CEO of EdgeConneX, added: “In AIC, we have the ideal partner in the Philippines. They possess all of 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 of the Philippines and meeting our customers’ needs throughout the region. They complement our capabilities required to successfully capture this market opportunity.”
Aboitiz InfraCapital, Inc. is the infrastructure arm of the Aboitiz Group and has investments in water utilities, various commercial and industrial real estate, and cell towers. Last year, AIC entered the digital infrastructure space through a joint venture tower company called Unity Digital Infrastructure, Inc.
Aboitiz Equity Ventures is a Philippine holding company founded in 1989. Its investments include Aboitiz Power Corporation, a number of banking and financial services firms, real estate, and food companies.
BofA Securities acted as exclusive financial advisor to AIC, with SyCip Salazar Hernandez and Gatmaitan, Shearman & Sterling, and TSMP as legal counsel for this transaction.
Today's news is EdgeConneX's latest expansion into Southeast Asia. Earlier this year the company acquired Indonesian colocation firm GTN and announced plans for a 90MW data center development in Jakarta. It has previously invested in China’s Chayora and formed a joint venture with Adani in India.