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Developing Markets

STT mulling $1bn pre-IPO raise for data centre business

STT’s data centre unit, STT Global Data Centers (STT GDC), is mulling a US$1 billion raise as it considers an initial public offering (IPO). The group, backed by Singapore’s state-owned investment firm Temasek Holdings, is rumoured to have already held conversations with potential advisers o...

May 18

TTC Newsroom

UK’s Kao Data to anchor $440m data centre campus in Manchester, first outside London region

UK-based high-performance data centre operator Kao Data has unveiled plans to build a new 40-megawatt (MW) data centre in Manchester, breaking away from being solely based in the British capital region. The new location is the first of several to come across other Tier II cities, with the next wave of CAPEX expected to occur in Central Europe. The 39,000 square metre Man...

May 11

João Marques Lima

Flō Networks seals American Tower’s Mexico fibre portfolio acquisition

Digital infrastructure operator Flō Networks (formerly known as Transtelco) has completed the acquisition of American Tower’s Mexico Fiber business, ATC Holding Fibra México, S. de R.L. de C.V., (known commercially as redIT) and its fibre optic network. The portfolio includes a presence in over 40 cities throughout Mexico. The combined company will have over 20,000 m...

May 09

TTC Newsroom