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 on the raising round. The funding could help set a valuation benchmark for an ...

US digital infrastructure REIT Equinix (NASDAQ: EQIX) has increased its 2023 annual guidance as demand for hosting services continues to outpace projections. The operator said it expects revenues to now reach US$8.175 - US$8.275 billion, an increase of 13 - 14% over the previous year, or a normalised and constant currency increase of 14 - 15%. This represents an increase...

The rapid growth of data centre investment is set to deaccelerate in the coming months as challenging macroeconomics begin to affect the industry. The warning has come from merican credit rating agency S&P Global Ratings in a note concerning CyrusOne’s US$701 million in notes issuance as the market navigates high inflation rates and a looming economic slump amongst ...