Singaporean telco Singtel is planning to form a new data center company with a focus on Southeast Asia. The firm has also signed a new joint venture with Gulf Energy. The joint venture between the two companies will have a focus on Thailand. Singtel already has a rich portfolio of 10 data centers across Australia, Hong Kong, and Singapore. The facilities combined have a capacity of 70MW.
Aside from upgrading existing facilities and building new ones, Singtel’s new company will own and manage digital infrastructure assets, focusing on improving return on invested capital. It will also focus on improving capital efficiency as well as Singtel’s business needs. Thai Gulf Energy and Singtel have signed an MoU to build and develop data centers in Thailand. Both companies will have an equal stake in the joint venture. Gulf Energy has also acquired stakes in Intouch Holdings, a Singtel Thai subsidiary.
Furthermore, Singtel is in talks with Telkom to explore opportunities in acquiring and developing data center assets across Indonesia. CEO of Singtel Group, Yuen Kuan, said the company sees data centers as a key to its growth. He added that Singtel is also working to improve overall shareholder value.
