The World Bank Group’s International Finance Corporation (IFC) has signed a new financing tranche of US$35 million (approximately R$168 million) to aid in the expansion of Brazilian data centre services provider support ODATA. The contribution will be used to finance the construction and operation of another data centre in Querétaro, Mexico. The company opened its fir...

Private equity real estate investment firm Menlo Equities said it closed its latest investment fund, Menlo Realty Partners VI (MRP VI) on June 30, 2022. The fund was oversubscribed with equity capital commitments of US$211 million, exceeding the initial fundraising target of US$175 million. The trancher secured commitments from a broad range of limited partners that incl...

Philippines’ telecoms platform Globe Telecom (PSE: GLO) said it will sell over 7,000 towers, of which 66% are located in Luzon, 19% in Mindanao and 15% in Visayas. The tower assets up for sale are made up of 79% ground-based towers and 21% rooftop towers, and have been grouped into three distinct portfolios assigned to three different tower companies representing local an...