Aboitiz Group diversifies into data centers – Manila Bulletin
Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz group, is diversifying into the data center space through a partnership with EdgeConneX (ECX) in the United States.
In a statement to the Philippine Stock Exchange, Aboitiz Equity Ventures said EdgeConneX is the pioneer of global hyperlocal-to-hyperscale data center solutions.
The joint venture aims to address the growing use of data in the Philippines by developing a data center platform that will house the information technology (IT) equipment of cloud service providers, enabling them to better support the Filipino market.
The initial data center will be located near the National Capital Region and a secondary hyperscale campus is expected to be located in the Metro Manila area.
The partnership, which will pave the way for the development of large-scale data centers across the Philippines, will leverage ECX’s global data center platform, build and operate capabilities, and relationships high-quality “large-scale” client.
This is complemented by AIC’s local expertise, assets and infrastructure portfolio, including its 1,400 hectares of prime industrial real estate and the diversified renewable energy capacity of its subsidiary AboitizPower, which the company aims to triple by 2030.
Hyperscale data centers are massive mission-critical facilities designed to efficiently support the robust and scalable applications of cloud service providers.
AIC and ECX aim to provide world-class cooling and power infrastructure solutions to hyperscalers and other key customers.
“Enterprises are increasingly turning to cloud service providers – or ‘hyperscalers’ – for cost effectiveness, flexibility and scalability; and so the need for data centers has never been greater,” said declared Sabin Aboitiz, President and CEO of the Aboitiz Group.
He added that “this trend will continue with certainty and speed, and our efforts to seize the opportunities it presents have been successful with this latest landmark infrastructure deal for the Aboitiz Group.”
AIC President and CEO Cosette Canilao explained that the partnership aims to help boost the country’s digital infrastructure ecosystem and meet local market demand, highlighting the attractiveness of the Philippines for centers of data.
This focus on enabling digital capabilities also aligns with Aboitiz Group’s drive to forge ahead through a grand transformation to become the first Techglomerate in the Philippines that provides essential services for the life of the future.
“There’s a lot of excitement about the partnership and the incredible market opportunity the partnership enables,” Canilao said.
She added that “the Philippines is an underserved market and is experiencing strong growth in data demand compared to Southeast Asia. The size of the market, favorable demographics and the proliferation of submarine cables make the Philippines an ideal destination for data center investments. »
“We also have access to prime real estate in major urban centers such as Manila, as well as emerging economic hubs such as Batangas. We are thrilled to have a leading global data center partner in EdgeConneX,” said Canilao.
The Philippines is among the leaders in the use of digital media and the export of digital services. Filipinos spend more than 9 hours on the Internet every day, and the country’s information technology and business process management (IT-BPM) industry dominates the global market.
With the prevalence of e-commerce and remote working, data usage is expected to grow exponentially. Data centers allow cloud service providers and technology companies to meet these types of user needs.
“With AIC, we have the ideal partner in the Philippines. They have all the local assets and expertise needed to create critical digital infrastructure that can better support our customers nationwide,” said Randy Brouckman, CEO of EdgeConneX.
He added, “We look forward to investing in the digital economy of the Philippines and serving the needs of our customers across the region. They complement our capabilities required to successfully seize this market opportunity.
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