AirTrunk hires Citigroup, DBS, Jefferies for Singapore REIT IPO: Report
Australia-based data center operator AirTrunk has appointed Citigroup, DBS Group Holdings and Jefferies Financial Group to help prepare for a real estate investment trust (REIT) listing in Singapore that could raise US$1.5 billion, according to Bloomberg quoting people familiar with the matter. The initial public offering (IPO) might take place some time this year, the […]
Microsoft to spend US$ 5.5 billion from 2025 to 2029 to power Singapore’s AI
Microsoft is on track to spend US$ 5.5 billion from 2025 until the end of 2029 to power Singapore’s AI future, Microsoft Vice Chair and President Brad Smith announced yesterday in a press release. Smith also announced free access to Microsoft 365 Premium with Copilot for every tertiary student and free AI training through Microsoft […]
TeleChoice bids for data center project in Malaysia
Singapore-based ICT firm, TeleChoice International Limited, has been shortlisted to design and build a data center project in Malaysia, the portfolio company of ST Telemedia said in an exchange filing last week. The bid was jointly submitted with “certain consortium partners” which were not named in the filing. If successful, the consortium will finalise the […]
EPG closes US$ 100 million in Series B+ financing to scale global expansion
EPG, a Singapore-headquartered data center modular infrastructure provider, has closed over US$ 100 million in Series B+ financing following the completion of the firm’s Series B financing earlier this year to advance its international expansion, the company says in a press release today. The financing was led by Decarbonization Partners, a joint venture between BlackRock […]
CapitaLand Ascendas REIT to invest S$ 1.3 billion in Singapore and Japan assets
CapitaLand Ascendas REIT (CLAR) will invest S$ 1.31 billion (US$ 1 billion) to acquire three assets in Singapore and Japan, as it expands its logistics, business space and data center portfolio. The REIT acquisitions are expected to lift distributions on a pro forma basis, distribution per unit (DPU) would rise by about 2.1 percent, or […]
Empyrion Digital inks MOU with CypressTel to anchor connectivity in Asia
Singapore-based data center developer and operator Empyrion Digital announced recently that it has entered into a Memorandum of Understanding (MOU) with Cypress Telecom Limited and its affiliate DataShell to provide low-latency network services and interconnection-ready data centre capacity across Asia. CypressTel is a carrier-neutral global network service provider. Under the terms of the MOU, CypressTel […]
AirTrunk explores fundraising options in expansion push: Khuda
Australia-based data center operator, AirTrunk is exploring fund-raising options such as Real Estate Investment Trust (REITs), asset-backed securities and equity sale on some of its data centres to raise funds for expansion, the firm’s founder and CEO Robin Khuda reportedly said last week in Singapore. In January, w.media reported that AirTrunk is mulling a potential […]
PRESS RELEASE | Bridge Data Centres plans major investment with global partners to strengthen Singapore’s position as APAC’s leading AI hub
Strategic Investment of S$3-5 billion in Singapore to advance AI-ready data centre developments, supporting over 2 GW of AI-ready capacity globally, and driving technological innovation with international ecosystem First–mover advantage as one of Asia Pacific’s top three hyperscale data centre developers, with proven track record delivering large-scale campus developments in Malaysia, Thailand and India, […]
Bridge Data Centres, A*STAR IHPC, HY ink pact to explore nuclear power for data centers
Singapore-based operator of hyperscale data infrastructure, Bridge Data Centres (BDC) has recently signed a Letter of Intent (LOI) with A*STAR Institute of High Performance Computing (A*STAR IHPC) and HY to jointly assess the feasibility of nuclear power as an alternative clean energy source for next‑generation AI-ready data centres, the company says in its Linkedin post. […]
PDG secures USD 350 million funding; targets USD 5 billion debt financing in 2026
Singapore-based data center operator, Princeton Digital Group (PDG), has closed a USD 350 million debt financing, as part of its plan to raise up to USD 5 billion funding in 2026 to support its rapidly expanding hyperscale projects across Asia, the company says in a press release today. This expands the USD 400 million HoldCo loan […]