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SUPERCHARGiNG

AIMS TO GROW

ACROSS ASiA

INTRODUCTiON

Background of Proposed Transactions

EGM 2023

  • In late 2021, Time carried out a strategic review of the data centre landscape, considering the increased attention the sector was receiving as well as the rapid expansion of data centre sites happening globally
  • We decided to seek a strategic partner to catalyse and strengthen AIMS and position it for aggressive growth across Asia
  • Subsequent to a multi-stage private bidding process, Time has decided to partner with DigitalBridge, one of the world's leading digital infrastructure firms, to use AIMS as its platform for expansion in the region via a continuation of the AIMS business model and strategy
  • This strategic partnership is expected to accelerate the growth of AIMS into new markets and achieve greater scale in the highly connected, ecosystem-centric data centre business segment, in line with Time's positive outlook on the sector

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TIME dotCom Bhd published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 13:26:01 UTC.