REIT Equinix to expand into Philippines with acquisition of TIM data centres
Digital infrastructure REIT platform Equinix, Inc. (Nasdaq: EQIX) is to debut in the Philippines with the acquisition of three data centres from Total Information Management (TIM). The expansion in South East Asia follows on from the recently announced expansions in Malaysia and Indonesia. Wh...
July 23
Converge ICT Solutions, Supermicro strike MOU for AI data centres rollout
Philippine fibre broadband and technology company Converge ICT Solutions Inc. (PSE: CNVRG) has inked a Memorandum of Understanding (MOU) with US-based IT solutions provider Super Micro Computer Inc. (NASDAQ: SMCI) to jointly establish AI-powered, green data centres in the Philippines. Under the partnership, Supermicro said it intends to develop Total IT Rack-scale liquid-co...
July 11
Manilla approves $288m Philippine Digital Infrastructure Project
The Philippine’s President Ferdinand R. Marcos Jr. has given the green light to the proposed US$288 million Philippine Digital Infrastructure Project (PDIP) during the 18th board meeting of the National Economic and Development Authority (NEDA) earlier last week. The PDIP is an initiative aimed at enhancing broadband connectivity nationwide, particularly in remote areas, ...
July 07
Philippines’ PLDT in advanced talks with foreign buyer for $1bn data centre business
The Philippines' telecommunications conglomerate, PLDT Inc., is on the cusp of finalising a deal to divest a considerable stake in its data centre operations. In a recent revelation, Manuel Pangilinan, PLDT's chairman, disclosed that the telco giant is engaged in “advanced negotiations with a prospective foreign buyer”. The discussions centre around the sale of a sub...
June 12
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