Globe expects P10.5-B gain from current data center; new data center deal sealed - BusinessWorld Online

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Globe Telecom, Inc. on Monday said it expects a pre-tax gain of around P10.5 billion from its current data center. READ:

The company also announced that it recently sealed its data center joint venture partnership with ST Telemedia Global Data Centres and Ayala Corp. .

Globe said its partnership with AC and STT GDC, a data center provider headquartered in Singapore, marks its “serious entry” into the growing data center space. “More importantly, all three companies are aligned in their environmental, social and governance aspirations,” Globe added. It noted that many Philippine businesses have expressed intention to migrate workloads to the cloud, propelling the country’s cloud market to $2.8 billion by 2025 from $1.8 billion in 2020.

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