ST Telemedia Powers Ahead in its Data Centre Expansion
Following its March announcement on the development of a flagship data centre in Singapore, ST Telemedia has made a strategic investment in VIRTUS Data Centres (VIRTUS), the UK’s fastest growing data centre provider. Noted by 451 Research Group as “one of the most innovative data centre providers around these days" and shortlisted for the Data Centre Industry Leader Award at the Datacloud Awards 2015, VIRTUS offers one of the country’s most efficient and flexible data centres with award winning innovation in hyper efficient, ultra-high density and highly interconnected facilities.
Under the partnership, ST Telemedia, through its wholly owned subsidiary STT GDC, will make a significant investment committing to a 49 percent stake via a joint venture with VIRTUS’ existing owner Brockton Capital. The new investment from ST Telemedia will be used to fund VIRTUS’ continued growth and footprint expansion in the UK.
"We’re pleased to continue the momentum of our recent data centre expansion activities with this announcement. ST Telemedia’s investment into VIRTUS is at a fitting time for Europe’s data centre market, particularly in the top-tier, carrier-neutral segment, where we’re seeing attractive growth opportunities. The investment is consistent with our international data centre strategy and is of strategic importance as it gives us a vital foothold in London, a key global tier-1 data centre market. The combination of ST Telemedia’s vast knowledge and expertise in the global data centre sector; Brockton Capital’s unique understanding and successful performance in the real estate industry and VIRTUS’ impressive operating track record and unique offering will bring numerous benefits to VIRTUS and its customers." - Director, – Mr Sio Tat Hiang, ST Telemedia’s Executive