Global Switch Singapore Tai Seng Data Center News

Floating data center park in Singapore to go ahead after gaining regulatory approval

Keppel Data Centres has announced that its floating data center park in Singapore has received approval and will proceed. Located at the Loyang Offshore Supply Base operated by Toll Group, the facility was originally proposed back in 2019, which came after a significant investment in Californi...

April 18, 2023

Singapore

Scientists at NTU Singapore invent data center cooling spray

When it comes to data center cooling, everyone's on the hunt for the latest innovative, efficient tech; and at Singapore's Nanyang Technical University (NTU), its research team is working on the latest solution. The group proposes cooling servers by spraying chips with fluid; dielectric fluid,...

April 11, 2023

Singapore

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

Abdul-Rahman Oladimeji

Global Switch

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

Abdul-Rahman Oladimeji

Global Switch

Singapore authorities to begin taking applications for new data centers

Singapore has announced the end of its data center moratorium and is now accepting new applications for facilities, following Infocomm Media Development Authority (IMDA) and Economic Development Board's (EDB) pilot scheme launch. The moratorium was originally put in place back in 2019 due to S...

July 22, 2022

Singapore

Evolution Data Centres (EvoDC) launches new Sustainable Data Centre Charter

Evolution Data Centres has announced the launch of its new Sustainable Data Centre Charter, through which it measures its entire operations, with the aim of minimizing carbon intensity and limiting water usage as the company grows. The charter includes the target of emitting 20 tonnes of carbo...

June 20, 2022

Singapore

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

Abdul-Rahman Oladimeji

Global Switch

RDA and MVGX partner for sustainable data center development

MetaVerse Green Exchange (MVGX), a crypto exchange regulated by the Monetary Authority of Singapore (MAS), has announced it is teaming up with AI firm Red Dot Analytics, for carbon measurement and to offset tropical data centers.Singapore implemented a three-year moratorium on new data center ...

May 23, 2022

Singapore

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

Abdul-Rahman Oladimeji

Global Switch

SGTech's response to Singapore's data center quota

Although back in 2019, Singapore introduced a data center moratorium following concerns around energy supplies, in 2022, this moratorium was lifted - with conditions. Part of these conditions was that the country would be more selective over future data center projects. Further details around...

April 11, 2022

Singapore

Singapore and Silicon Valley tie second place in data center rankings

According to Cushman & Wakefield's 2022 Global Data Center Market Comparison report, Singapore now ties with the US's Silicon Valley in its league table of the top data center markets. This means that Singapore is now the top market for data centers in Asia-Pacific, beating Hong Kong (6th ...

February 03, 2022

Singapore

Singapore's moratorium on new data center builds lifts, but what's next?

This week, Singapore's Trade and Industry Minister made an announcement that the country's moratorium on new data center builds, which was introduced back in 2019. Minister Gan Kim Yong said that going forward, a "more selective" approach to new builds will be taken.In a written reply to a par...

January 17, 2022

Singapore

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

Abdul-Rahman Oladimeji

Global Switch

Singapore government and Facebook back $S17m project for sustainable tropical data centers

It has been announced that social media giant Facebook and the Singapore government are joining forces to fund a $17 million (S$23m) project to address the need to boost the number of sustainable data centers built in tropical climates. The programme is also being funded by Singapore's Nationa...

June 16, 2021

Singapore

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

Eric Bell

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

Eric Bell

Global Switch

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 billionThe 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

Eric Bell

Global Switch

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