- POSTED: 30 Jul 2014 15:25
The investment will aid the Chinese data centre service provider's plans to expand and develop data centres in China, beyond the existing 17 facilities GDS is already operating.
SINGAPORE: ST Telemedia and China's GDS Services (GDS) announced on Wednesday (July 30) that they are partnering to expand and develop the latter's portfolio of data centres.
With the partnership, ST Telemedia agreed to invest an approximate 40 per cent stake into the Chinese data centre services provider. The tie-up will aid GDS accelerate the development of new data centres in key locations in China, according to the companies' joint statement.
ST Telemedia Executive Director Sio Tat Hiang said the investment is at an "opportune" time as China's data centre market, particularly in the top-tier, carrier-neutral segment, is experiencing tremendous growth.
"The combination of ST Telemedia's deep experience and expertise in the global data centre sector and GDS' impressive operating track record will create a compelling proposition for the company and its customers," Mr Sio said.
GDS has over 10 years' experience providing IT managed services, hosting services and cloud computing infrastructure to customers with IT operations in China. It has 17 high-availability data centres in China, including in Beijing, Shanghai, Chengdu, Shenzhen and Hong Kong, according to the statement.
Among GDS' customers are major national and international financial institutions, large enterprises, government agencies and top-tier Internet companies, it added.