The Tech Capital International Finance Forum
Trending
Latest

Vantage Data Centers completes APAC takeover of PCCW’s hosting units

Backed by DigitalBridge, the transaction has led another western operator into APAC, a region set to lead global data centre growth in the coming decades.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

December 08, 2021 | 3:00 AM GMT

Vantage Data Centers completes APAC takeover of PCCW’s hosting units

Sureel Choksi, president and CEO, Vantage Data Centers. Source: Vantage DC

Vantage Data Centers and its lead investor, Digital Bridge Group, Inc. (NYSE: DBRG), said the acquisition of PCCW Ltd.’s data centre business (PCCW DC) has been completed opening the doors for the hosting operator to expand into Asia Pacific, which also included the acquisition of Agile Data Centers.

As a result of the deal, Brian Groen has joined Vantage as president, APAC from PCCW DC. Giles Proctor, who previously served as Vantage’s president, APAC has been appointed chief operating officer of Vantage’s Asia-Pacific business.

Sureel Choksi, president and CEO, Vantage Data Centers, said: “The closing of this second acquisition is a critical piece to our rapid expansion in key Asia-Pacific markets.

“We now have a total of 23 campuses across five continents led by highly experienced regional teams. I’m excited for Brian and Giles to partner together in their new roles to lead our APAC business as we continue to expand and scale to meet the growing demand of customers globally.”

Jon Mauck, senior managing director of DigitalBridge Investment Management, added: “Asia Pacific is a high growth region with hyperscale, cloud and enterprise companies who need a global digital infrastructure platform like ours on which to expand their businesses.

“Vantage is now in a position to quickly become a leading provider in these markets and offer a superior product with high reliability, fast speed to market and a commitment to sustainability.”

Vantage has an established and growing footprint in North America, EMEA and Asia Pacific. The company secured US$1.5 billion in incremental equity from an investor group led by DigitalBridge Investment Management, with participation from other existing Vantage investors, to accelerate its APAC expansion.

Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Login or Register to comment on this article

More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles