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Adani to spinoff data centre arm by 2028

India’s Adani Group, controlled by billionaire Gautam Adani, has announced plans to spin off its data centre business by 2028. The Adani Group is one of the largest corporate conglomerates in India and currently houses a variety of businesses, from ports and power to city gas and airports. The group’s data centre business, AdaniConneX, will be powered by renewable en...

January 22

‘Must have been a slow news day’ – STT GDC’s CEO rebuffs IPO rumours

News of ST Telemedia Global Data Centres’s US$1 billion initial public offering (IPO) has been strongly rebuffed by its chief executive Bruno Lopez. Taking to the stage at PTC’23 in Hawaii, the executive told the audience that the news first released by Bloomberg on January 13 “must have come after a slow day in the newsroom”.  “Some information and number...

January 18

Temasek’s STT GDC mulls data centre IPO at $5bn market cap

ST Telemedia Global Data Centres is reportedly considering a potential initial public offering (IPO) that could raise more than $1 billion. The operator, which is backed by Singapore’s state-owned investment firm Temasek Holdings Pte, has already conducted discussion with potential advisers on an IPO which could see the data centre business’ market capitalisation reach ...

January 16

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