iTnews Asia
  • Home
  • News
  • Data Centres

Globe signs JV agreement with STT GDC to expand data centre business in the Philippines

Globe signs JV agreement with STT GDC to expand data centre business in the Philippines

Globe’s portfolio is expected increase in anticipation of large demand requirements in the future.

By iTNews Asia Team on Nov 25, 2021 9:29AM

Philippines telco Globe has signed an exclusivity agreement with Singapore’s ST Telemedia Global Data Centres (STT GDC) to expand Globe's data centre business in the Philippines.

Globe, through its wholly-owned subsidiary Innove Communications, has been operating data centres since 2001, and has since expanded its portfolio nationwide. Globe believes a partnership with STT GDC is the next important step that will operator to create a top tier data centre business accelerate the company’s growth strategy and market share.

The transaction is expected to take the form of a joint venture, in which Globe will remain a significant shareholder.

"The Philippines is strategically positioned to capture the booming global demand for data centres," said Ernest L. Cu, President and CEO of Globe. "Our potential joint venture with STT GDC will be a significant multi-year growth driver for Globe and will further drive our transformation into a digital platform, this time into B2B space, after success of B2C with GCash."

To reach the editorial team on your feedback, story ideas and pitches, contact them here.
© iTnews Asia
Tags:
data centre data centres philippines

Related Articles

  • PLDT builds first hyperscale data centre in the Philippines
  • Hyperscalers driving data centre growth in the Philippines
  • Google's cloud unit taps Arm-based chips for data centres
  • AirTrunk to appoint its first CIO
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

GovTech to unlock smaller agency-specific data projects

GovTech to unlock smaller agency-specific data projects

SP Group appoints new CIO

SP Group appoints new CIO

SingPost gets new group CIO

SingPost gets new group CIO

IMDA announces holomedicine and other 5G-enabled projects

IMDA announces holomedicine and other 5G-enabled projects

All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of Lighthouse Independent Media's Privacy Policy and Terms & Conditions.