I Squared: PH data reform needed to lure investment

American private equity firm I Squared Capital has expressed openness to participate and invest in the country’s growing data center industry, but only after the government introduced data reforms seen boosting the sector’s demand.

- By DEXTER BARRO II

I Squared Capital Chairman Sadek Wahba said data centers are not yet part of the firm’s investment plan in the Philippines, although he noted that it could be a “very attractive” sector.

The Miami-based investment manager is mounting a massive $2-billion investment effort in the country, covering critical sectors such as energy, transportation, digital connectivity, and logistics.