Rapidly Growing Malaysia-Based Data Center Business to Anchor Regional Strategy in Partnership with TIME dotCom
DigitalBridge Group, Inc. (“DigitalBridge”) (NYSE: DBRG) today announced the acquisition of an ownership stake in AIMS Group (“AIMS”) from TIME dotCom Berhad (“Time” or “TDC”) (KLSE: TIMECOM) by funds affiliated with DigitalBridge Investment Management and the formation of an edge data center platform focused on the high-growth markets of the Southeast Asia region.
AIMS is a leading operator of highly-connected ecosystem-centric data centers based in Malaysia, with its Kuala Lumpur flagship Menara AIMS facility anchoring the Malaysia Internet Exchange (MYIX). AIMS’ facilities provide highly inter-connected environments to a diverse customer base, comprising domestic and international telecommunications carriers, major enterprises, hyperscalers and content distribution networks. AIMS also operates a state-of-the-art purpose-built data center campus in Cyberjaya and a new facility in downtown Bangkok.
“DigitalBridge’s expertise in investing, building, and operating data centers to the highest standards aligns perfectly with AIMS’ next stage of development,” said Justin Chang, Managing Director and Head of Asia for DigitalBridge. “AIMS is a leading operator in the region poised for significant growth, with a strong management team, a robust development pipeline and considerable expansion capacity. This is a terrific platform for DigitalBridge, and we are excited to partner with TDC, which has a long heritage of building connectivity-linked businesses across Southeast Asia.”
The transaction, which is subject to customary closing conditions, is expected to close in 2023.
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