KUALA LUMPUR, April 1 (Bernama) -- Digital Edge (Singapore) Holdings Pte Ltd (Digital Edge) has announced plans to expand its regional footprint to South Korea by entering into a definitive agreement to acquire Sejong Telecom’s data centre assets in an all-cash transaction.
Digital Edge is a leading data centre platform, established to transform the digital infrastructure in Asia and backed by Stonepeak Infrastructure Partners.
At closing, Digital Edge will acquire one data centre in Gangnam, Seoul and a Cable Landing Station facility in Centum City, Busan, according to a statement.
The addition of these strategic assets, including their associated operations and customers, marks the Company’s initial entry into the Korean market and further strengthens its regional platform.
This transaction will allow Digital Edge to immediately offer interconnect and data centre solutions in the fast-growing Korean market and establish a solid foundation for future expansion in two key metros – Seoul and Busan.
Sejong Telecom’s data centres are strategically located and bring a wealth of connectivity options from existing customers.
Digital Edge plans to invest additional capital to expand the capacity and improve the energy efficiency of both facilities. Between the transaction and subsequent expansions, Digital Edge expects to invest over US$120 million. (US$1 = RM4.143)
The transaction is expected to close in this year's second quarter and is subject to customary closing conditions and regulatory approvals.
-- BERNAMA
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