Princeton Digital Group Data Center News

PDG Secures $160m Green Loan for Mumbai Data Center

APAC data center firm Princeton Digital Group (PDG) this week announced it has secured $160 million in green loans for its MU1 data center campus in Navi Mumbai, India. The financing, provided by local financial firms Axis Bank, Kotak Mahindra Bank, and Canara Bank, will be used to fund the co...

July 31, 2025

Abdul-Rahman Oladimeji

Princeton Digital Group

Princeton Digital Group Receives $1.3bn from Stonepeak

Asia Pacific-focused data center operator Princeton Digital Group has raised $1.3 billion from Stonepeak following its $1.2 billion debt financing deal back in May.“This milestone investment from Stonepeak is a strong endorsement of PDG’s strategy, execution, and sustained value creation,” sai...

July 19, 2025

Abdul-Rahman Oladimeji

Princeton Digital Group

Vena Launches AI-ready Data Center Subsidiary

Singaporean infrastructure developer Vena Global has launched a new subsidiary focused on the development of AI-ready data center infrastructure across the Asia-Pacific region, with plans to create a digital infrastructure developer that is highly integrated with low-carbon energy development....

May 30, 2025

Abdul-Rahman Oladimeji

Singapore

Partners Group to Acquire Digital Halo

Global private markets firm Partners Group is set to acquire Singapore-based Digital Halo- a data center operator with facilities located across Southeast and North Asia. The company is currently owned by Arch Capital, which will remain a minority shareholder in the business.Following the term...

May 20, 2025

Abdul-Rahman Oladimeji

Singapore

PDG Seals $1.2bn Financing for APAC Data Center Expansion

Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia.The financing comprises $800 million in project financing for the development and expansion of PDG’s data center campuses in Mu...

May 20, 2025

Abdul-Rahman Oladimeji

Princeton Digital Group

PDG Seals $1.2bn Financing for APAC Data Center Expansion

Princeton Digital Group (PDG) recently announced the successful raise of more than $1.2bn in financing to support its continued expansion and development across Asia.The financing comprises $800 million in project financing for the development and expansion of PDG’s data center campuses in Mu...

May 20, 2025

Abdul-Rahman Oladimeji

Princeton Digital Group

GDS rebrands international unit to DayOne

Chinese data center firm GDS has changed its name and officially launched as an independent company as of January 1, following the recent completion of a series B funding round. Established in 2022, what was then GDS International was founded to hold GDS Holding’s data center assets and operat...

January 06, 2025

Abdul-Rahman Oladimeji

China

Akamai to end CDN services in China

US-based cloud computing and Content Delivery Network (CDN) company Akamai plans to end its CDN in China, ending services in the country on June 30, 2026, the company said in a letter to customers. After this point, any remaining content requests will be automatically served from neighboring c...

January 04, 2025

Abdul-Rahman Oladimeji

China

Vertiv acquires tech and assets from BSE

Vertiv's Chinese subsidiary has acquired centrifugal chiller technology and assets from BiXin Energy Technology Co. (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units.“This acquisition supports our capital allocation strategy, which includes adding te...

December 21, 2024

Abdul-Rahman Oladimeji

China

Vnet to set up data center investment fund with Dajia

Chinese data center operator Vnet is setting up a data center investment fund with Chinese insurance company Dajia. The fund will be jointly operated by Vnet and Dajia subsidiary Dajia Investment Holding Company and will make its first investment in Vnet’s Taicang IDC campus in the Jiangsu pro...

December 03, 2024

Abdul-Rahman Oladimeji

China

Keppel looks to buy facilities in Singapore

Keppel DC REIT this week announced the proposed acquisition of two hyperscale data centers at the Keppel Data Centre Campus in Singapore from a joint venture owned by its parent company. Keppel will continue to operate and manage the two facilities post-acquisition.The deal would be for S$1.0...

November 20, 2024

Abdul-Rahman Oladimeji

Singapore

Alibaba Cloud revenue up 7% for the quarter

China's Alibaba Group saw its cloud computing business revenue grow by seven percent during Q3 2024. According to Alibaba CFO Toby Xu, AI-related product revenue has achieved triple-digit year-over-year (YoY) growth for the fifth consecutive quarter, which "triggers" more demand for the compan...

November 18, 2024

Abdul-Rahman Oladimeji

China

PDG to develop data center campus at Mindspace park

Princeton Digital Group (PDG) has signed a deal with business park developer Mindspace REIT to develop three more data centers outside Mumbai, India. Under this partnership, Mindspace REIT will develop three additional built-to-suit data centers for PDG, adding a further 1 million sq ft to its...

September 27, 2024

Abdul-Rahman Oladimeji

Princeton Digital Group

PDG announces $1bn expansion plan in Mumbai and Chennai

Princeton Digital Group (PDG) has announced plans to expand its data center capacity in Mumbai and Chennai, India through a $1 billion into the country which will bring its India portfolio to 230MW of capacity. DG plans to add three new facilities, bringing the total campus capacity to 150MW a...

September 23, 2024

Abdul-Rahman Oladimeji

Princeton Digital Group

Data center fire in Singapore impacts Alibaba Cloud services

A data center fire incident in Singapore has caused issues to Alibaba's cloud services. The company said it occurred in Availability Zone C of its Singapore region."At 10:20 on September 10, 2024 Beijing time, Alibaba Cloud monitoring detected network access anomalies in availability zone C of...

September 12, 2024

Abdul-Rahman Oladimeji

Singapore

PDG acquires new data center in Singapore

Princeton Digital Group this week announced the acquisition of Yahoo’s Singapore data center, SG3 which offers 5MW across 5,400 sqm (58,125 sq ft). Terms of the deal were not disclosed, but Yahoo will continue to host its infrastructure at the facility. Rangu Salgame, chairman, CEO and co-fo...

August 14, 2024

Abdul-Rahman Oladimeji

Singapore

Quantinuum signs MoU in Singapore for city-state’s quantum sector

Quantinuum has signed a Memorandum of Understanding with several Singaporean institutions to provide the city-state with access to it's H-Series and Helios quantum computers and collaborate on quantum computing use cases. Other signatories of the MoU include Singapore’s National Quantum Offic...

July 25, 2024

Abdul-Rahman Oladimeji

Singapore

Vnet founder withdraws acquisition offer

Josh Sheng Chen, co-chairperson and CEO of Chinese data center firm Vnet (formerly 21Vianet) has withdrawn his offer to acquire all outstanding shares of the company which he made in September 2022. Josh Sheng Chen said: “I withdrew my privatization proposal as I believe that maintaining Vne...

July 20, 2024

Abdul-Rahman Oladimeji

China

Telin and BW Digital team up on Batam-Singapore subsea cable

Telin and BW Digital have formed a strategic partnership to develop and construct the Nongsa-Changi submarine cable system linking Indonesia's Batam and Singapore. Both companies signed a memorandum of understanding (MoU) for the joint venture during the recent International Telecoms Week 202...

July 18, 2024

Abdul-Rahman Oladimeji

Batam

MCC complete the removal of banned Chinese equipment

Mediacom Communications Corporation (MCC) has said that it's on course to complete the removal of banned Chinese equipment from its network this month by its July 15 deadline."To date, 100 percent of the program has been completed across the areas of removal and replacement, and 99 percent of ...

July 10, 2024

Abdul-Rahman Oladimeji

China

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