---
title: DigitalBridge takes stake in Malaysian data centre operator - Developing Telecoms
description: Global digital infrastructure firm DigitalBridge Group has announced the acquisition of an ownership stake in AIMS Group from Malaysian telecoms firm TIME dotcom and the formation of an edge data centre platform focused on the high-growth markets of the Southeast Asia region.
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date: 2022-11-22T16:11:50Z
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Global digital infrastructure firm DigitalBridge Group has announced the acquisition of an ownership stake in AIMS Group from Malaysian telecoms firm TIME dotcom and the formation of an edge data centre platform focused on the high-growth markets of the Southeast Asia region.

AIMS is a leading operator of highly connected ecosystem-centric data centres based in Malaysia. Its Kuala Lumpur flagship Menara AIMS facility anchors the Malaysia Internet Exchange.

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 centre campus in Cyberjaya and a new facility in downtown Bangkok.

The stake has been sold for about 2 billion ringgit (US$436.7 million). Proceeds from the stake sales will be partly used by TIME to pay a special dividend of up to 1 billion ringgit to its shareholders. The balance will be reinvested into TIME. The transaction, which is subject to customary closing conditions, is expected to close in 2023.

Reuters points out that the deal, announced at a time of political upheaval in Malaysia, underscores booming demand for infrastructure assets such as data centres in Southeast Asia as investors are lured by their stable, long-term returns.

Describing TIME as having a long heritage of building connectivity-linked businesses across Southeast Asia, Justin Chang, Managing Director and Head of Asia for DigitalBridge, has been quoted as saying: “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.”

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