Digital Edge To Expand Platform Footprint In South Korea

SINGAPORE, April 1 (Bernama-BUSINESS WIRE) — Digital Edge (Singapore) Holdings Pte. Ltd. (“Digital Edge” or the “Company”), a leading data center platform, established to transform the digital infrastructure in Asia and backed by Stonepeak Infrastructure Partners, today announced plans to expand its regional footprint to South Korea by entering into a definitive agreement to acquire Sejong Telecom’s data center assets in an all-cash transaction. At closing, Digital Edge will acquire one data center in Gangnam, Seoul and a Cable Landing Station facility in Centum City, Busan. 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 center 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 centers 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.

http://mrem.bernama.com/viewsm.php?idm=39715

administrator

Related Articles