Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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PT Saratoga Investama Sedaya Tbk (SRTG) will invest Rp 1.4-2.2 trillion (~US$100-150 million) in the construction and acquisition of data centre real estate. The investment programme is to be rolled out under the group’s subsidiary AtriaDC during 2023-24. The capital will be primarily deplo...
August 16
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...
August 15
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...
August 15
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...
August 15