ST Telemedia and GDS Services announced their partnership to further expand and develop GDS' portfolio of data centers.
ST Telemedia has agreed to invest an approximate 40% stake into GDS.
GDS has established a track record over 10 years of providing IT managed services, hosting services, and cloud computing infrastructure to customers with business-critical IT operations in China.
It serves major national and international financial institutions, large enterprises, government agencies, and top-tier internet companies. GDS operates 17 high-availability data centers in primary economic hubs across China, including Beijing, Shanghai, Chengdu, Shenzhen and Hong Kong. Current shareholders of GDS include SB China Venture Capital (SBCVC) as lead investor, International Finance Corporation (IFC) and a subsidiary of China Everbright Limited (Everbright).
The partnership with ST Telemedia will support GDS' strategy to be the leading next-generation data center company in China, and accelerate the development of advanced new data centers in key locations.
Sio Tat Hiang ST Telemedia’s executive director said “ST Telemedia’s investment is at an opportune time as China’s data center market, particularly in the top tier, carrier-neutral segment, is experiencing tremendous growth.”
ST Telemedia has extensive experience in the data center sector, with historical investments in Equinix and Savvis (now known as CenturyLink Technology Solutions).
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