GIC signs joint venture deals with US data firm Equinix
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Bengaluru
US-based data centre firm Equinix on Monday said it had signed agreements for additional joint ventures with Singapore's sovereign wealth fund GIC to add US$3.9 billion to expand a data centre programme.
The agreements for additional joint ventures in the form of limited liability partnerships with GIC, when closed, will bring the xScale data centre portfolio to more than US$6.9 billion across 32 facilities globally, Equinix said in a statement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report