For Immediate Release
Shah Alam, 20 April 2023 – Time dotCom Berhad (“Time” or “the Group”) today announced the completion of its transaction with funds affiliated with DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), one of the world’s leading owners and operators of digital infrastructure assets, for a strategic partnership that is intended to accelerate the expansion of its AIMS Group (“AIMS”) data centre business across Asia.
With the completion of this deal, both parties are well-positioned for a rapid and tactical expansion of data centre facilities across primary and secondary cities in ASEAN and beyond with a focus on providing best-in-class services to multinationals, large enterprises, content providers, internet infrastructure providers and financial institutions. The plans will centre on AIMS as the primary platform for expansion in the highly connected, ecosystem-centric data centre space, whilst making Malaysia a core hub and gateway for greater connectivity in the region.
“We are excited to embark on the next chapter of AIMS’ journey to become a leading data centre provider in Asia. We believe that DigitalBridge’s global experience in other markets will serve as a critical accelerator in our plans for expansion,” said Afzal Abdul Rahim, Commander-in-Chief of Time.
DigitalBridge is looking forward to partnering with Time to create the leading edge and interconnection data centre platform in the region,” said Justin Chang, Head of Asia for DigitalBridge. “We strongly believe that the combination of Time, AIMS and DigitalBridge is extremely powerful and can rapidly accelerate the growth of the business.”
Customers can rest assured that there will be no changes to the products and services that they are subscribed to. AIMS remains headquartered in Kuala Lumpur and will continue to be run by its current management team.
For more information, please refer to Time’s announcement on Bursa Malaysia.
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Time is a telecommunications provider that delivers domestic and global connectivity, data centre, cloud computing and managed services to customers across Southeast Asia. Powering Time’s businesses are its fibre optic network assets that span Malaysia, Singapore, Thailand, Vietnam and Cambodia – countries in which it has established operational presence. Time’s network extends beyond the region to deliver international connectivity via its stakes in numerous submarine cable systems across the globe. Time is headquartered in Shah Alam, Malaysia. Visit time.com.my for more information.
AIMS Data Centre (AIMS) is Malaysia and Southeast Asia’s leading carrier-neutral data centre and managed services provider. As the anchor site for the MyIX (Malaysian Internet Exchange), it handles traffic for over 88 peers and networks with international connectivity for customers from various industries. AIMS is headquartered in Kuala Lumpur, Malaysia with data centre presence in Kuala Lumpur, Cyberjaya, Singapore and Bangkok. Visit aims.com.my for more information.
DigitalBridge (NYSE:DBRG) is a leading global digital infrastructure investment firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centres, fibre, small cells, and edge infrastructure, the DigitalBridge team manages a $65 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg and Singapore. For more information, visit: www.digitalbridge.com.