Globe Telecom Inc. has inked an agreement with Singapore’s ST Telemedia Global Data Centres to explore the possibility of forming a joint venture to take advantage of the continuously surging demand for data storage.

Ernest Cu, president and CEO of Globe, said the potential partnership with STT would be a significant multi-year growth driver for Globe and further accelerate its transformation into a digital platform, particularly into the B2B (business-to-business) space following the success of B2C (business-to-consumer) with GCash.

According to a study by ResearchandMarkets.com, the Philippines data center market is seen to grow at a compounded annual growth rate of 11.4 percent in the next five years with investments seen to reach $535 million by 2026. Multiple technology firms are planning to build data centers in the Philippines, which is considred on eof the emerging markets in Southeast Asia.

“The Philippines is strategically positioned to capture the booming global demand for data centers. Our strong track record and extensive customer reach, together with STT GDC’s deep operational expertise, position us well to be a leading data center company in the Philippines.” said Cu.

Globe, through its wholly-owned subsidiary Innove Communications, Inc., has been operating data centers since 2001, and has since expanded its portfolio nationwide, serving both its internal needs and corporate clients across various industries.

The Ayala-led data centers are globally competitive, advanced, standard-compliant and highly secure facilities offering world-class data, network, telecommunication and IT services ranging from carrier-neutral colocation space, managed security, mission-critical applications and cloud solutions.

Globe said its data center facilities have a midterm expansion potential of up to 45 megawatt (MW) power.

The post Ayalas eye partnership with Singapore firm to expand data center business first appeared on Bilyonaryo Business News.



Ayalas eye partnership with Singapore firm to expand data center business
Source: Filipino Daily Inquirer