DigitalBridge to acquire a majority stake in AIMS Group from TIME dotCom at $700m valuation.

DigitalBridge, a digital infrastructure firm, agreed to acquire a majority stake in AIMS Group, an operator of highly-connected ecosystem-centric data centers, from TIME dotCom, a fixed line telecommunications provider, at $700m valuation. “DigitalBridge’s expertise in investing, building, and operating data centers to the highest standards aligns perfectly with AIMS’ next stage of development. 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,” Justin Chang, DigitalBridge Managing Director and Head of Asia.