Data Center News

Global Switch reveals plans for new data center in London

Global Switch has announced its plans for a new data center in London to be located adjacent to Global Switch’s existing data centers in east London’s Docklands. The company noted that the five-story facility, known as London South, will offer 40MW across 27,000 square meter. CEO Ashley Muldo...

February 26, 2024

Global Switch

Global Switch CEO to retire and be replaced by COO Muldoon

Global Switch CEO John Corcoran is retiring and the company has announced that he will be stepping down from his duties on December 31, 2023. Global Switch's current chief operating officer Ashley Muldoon is to be appointed CEO, and will join the board. Shareholder approval for his appointment...

December 28, 2023

Global Switch

Global Switch seeks buyers for European and Asia Pacific data centers

In an effort to raise $6 billion, Global Switch is contemplating selling its operations in Europe and Asia Pacific separately. According to anonymous sources cited by Bloomberg, the London-based company may offer its Europe and Asia Pacific units to separate purchasers with the expectation tha...

August 07, 2023

Global Switch

Global Switch granted permission for a new data center in East London

At a Tower Hamlets Council meeting, the Strategic Development Committee in London has granted Global Switch permission to develop a new data center. Located on a car park adjacent to its existing London East and London North buildings at East India Dock House, 240 East India Dock Road, the fac...

January 20, 2023

Global Switch

KKR, PAG, and EQT Remain in The Race To Acquire Global Switch as Stonepeak and Gaw Dropout

According to Bloomberg, PAG, KKR, and EQT have been selected as the final bidders for Global Switch. Per Bloomberg, the companies are mulling over the best financing structures to seek the acquisition of the London-based firm. However, the publication noted that the initial bids didn’t meet Gl...

November 23, 2022

Global Switch

Mainova Ventures into Data Centers With 30MW Facility in Frankfurt

German energy company Mainova is moving into the data center business. The company broke ground on the new facility in Frankfurt, Germany. Mainova WebHouse, a subsidiary of the energy company, announced that a groundbreaking ceremony for the facility took place earlier in the month. The new...

October 27, 2022

Frankfurt

Frankfurt: Plans for environmental data center zoning updated

Frankfurt recently announced an updated plan for commercial developments in the city, which will place a limitation on cloud and colocation data center buildings. This comes as a response to concerns around their land and energy usage. Alongside this announcement, the city also outlined its in...

August 08, 2022

Frankfurt

PAG Among Companies Now Looking To Acquire Global Switch

The number of companies looking to acquire Global Switch is increasing by the day as PAG has joined the long list of potential suitors. Global Switch is a London-based data center company founded in 1998 with 13 facilities across Asia, Europe, and Australia. Jiangsu Shagang, a Chinese steel co...

August 01, 2022

Global Switch

NextDC Looking To Buy Global Switch's APAC Portfolio

According to reports, NextDC is looking to acquire Global Switch’s Asia-Pacific arm. The Australian data center firm has contacted Macquarie Capital to find a financial partner for the purchase. Global Switch has been looking to sell its business for more than a year. Besides, it was in dis...

June 02, 2022

Global Switch

Global Switch Set For Sale

According to Bloomberg, the owners of Global Switch are preparing to sell off the data center firm. The report shows that Global Switch Holdings Ltd. Is prepared to sell off the company to other firms due to multiple interests from investment funds and other companies in the data center indust...

May 18, 2022

Global Switch

Alibaba Opens Data Center in Frankfurt, Germany

Alibaba has announced that it opened a data center in Frankfurt, Germany. The new data center is the company’s third facility in the country. According to the company, the new data center will help support the increasing needs for digital transformation from customers across the European conti...

May 17, 2022

Frankfurt

Several firms are looking into $11bn Global Switch buyout

Several data center and investment firms are mulling over the acquisition of data center firm Global Switch Holdings. According to Bloomberg, KKR and Blackstone Inc. are the likely forerunners of acquiring Global Switch. Equinix, Digital Realty, and DigitalBridge have also shown interest in...

November 24, 2021

Global Switch

Frankfurt to restrict and regulate data centers

Frankfurt has proposed a development plan to regulate data centers in the area. The plan, it says, will prevent the “uncontrolled growth” of data centers. The city is the hub of the data center industry in Germany, and one of the four largest hubs in Europe, taking up 64 hectares (640,000 sqm...

May 14, 2021

Frankfurt

Console Connect now live in all Global Switch data centres worldwide

July 28, 2020 – PCCW Global today announced that its Console Connect Software-Defined Interconnection® (SDI®) platform is now available in many more data centres via an extended collaboration with Global Switch, a leading owner, operator and developer of large-scale carrier and cloud neutral ...

July 28, 2020

Global Switch

Global Switch Picks Banks for $1 Billion IPO in Hong Kong

HONG KONG (Reuters) - UK-based data center operator Global Switch has chosen CLSA, Goldman Sachs and JPMorgan as sponsors for its Hong Kong initial public offering (IPO) of up to $1 billion, two people with direct knowledge of the matter said on Friday. Founded in 1998 and owned by Britain’s ...

March 01, 2019

Global Switch

Global Switch Expands European Footprint With Frankfurt Construction

Global Switch’s move further adds to the data centre ‘hotspot’ reputation of Frankfurt, and with the arrival of a new Chinese customer to Europe as part of the development currently going up, Global Switch says it’s keen to add to its sites to support further demand. Construction has started o...

July 13, 2018

Global Switch: Frankfurt South

Asian investor consortium acquires 24.99% stake in Global Switch in preparation for listing on a leading international stock exchange

A consortium of six Asian institutional and private investors has acquired a 24.99% stake in the Company in a transaction valued at £2.1 billion The investment by Strategic IDC Limited further diversifies Global Switch’s sources of equity capital, supports a continuation of the Company’s strat...

July 11, 2018

Global Switch

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