Globe, center provider to forge JV

Published November 16, 2021, 10:27 AM

by Emmie V. Abadilla

Globe-Telecom_CNNPH (2)

Globe Telecom Inc. signed an exclusivity agreement with Singapore-based ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest-growing data center providers, to establish Globe’s data center business in Philippines (Globe DC), the telco announced on Nov. 16.

Globe, through its wholly-owned subsidiary Innove Communications, Inc., has been operating data centers since 2001 and now wants to be a leading data center company in the country, says Ernest L. Cu, President and CEO.

The company’s “strong track record and extensive customer reach, together with STT GDC’s deep operational expertise” puts it in a strategic position to do so, he maintained.

“The Philippines is strategically positioned to capture the booming global demand for data centers,” Cu noted.

“Our potential joint venture with STT GDC will therefore be a significant multi-year growth driver for Globe and will further drive our transformation into a digital platform, this time into B2B space, after success of B2C with GCash.”

Already, in the past two decades, Globe has expanded its data center portfolio nationwide, serving both its internal needs and corporate clients across various industries.

Globe data centers are globally competitive, advanced, standard-compliant and highly secure facilities offering world-class data, network, telecommunication and IT services from carrier-neutral colocation space, managed security, mission-critical applications and cloud solutions.

Globe expects its portfolio to grow even more as it continues to expand its footprint to serve surging demand.

Globe data center facilities have midterm expansion potential of up to 45MW power.

Significantly, Globe believes a partnership with STT GDC is the next important step that will accelerate its data center growth strategy and market share position in the Philippines.

The joint venture will enable Globe to take advantage of the structural growth trends in the region and create value for key stakeholders in the longer term.

Globe will remain a significant shareholder in the joint venture as its investment into Globe DC is consistent with its long-term strategy of partnering with a leading data center operator to create a top tier data center business in the country and in the region as well.

However, discussions are still ongoing at present.

 
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