BRIEF-Ayala Corp Announces Formation Of A JV Partnership With ST Telemedia Global Data Centres

March 2 (Reuters) – AYALA CORP AC.PS:

• ANNOUNCED FORMATION OF A JOINT VENTURE PARTNERSHIP WITH ST TELEMEDIA GLOBAL DATA CENTRES

• JV FOR DEVELOPMENT, CONSTRUCTION AND OPERATION OF DATA CENTER PROJECTS IN PHILIPPINES

• UNDER DEAL, BOTH STT GDC AND CO SHALL SUBSCRIBE TO NEW SHARES IN KARMANEDGE, INC, UNIT OF GLOBE

• TRANSACTION IS EXPECTED TO BE COMPLETED IN Q1 2022

• GLOBE WILL RECEIVE PROCEEDS OF US$100 MILLION FROM THE TRANSACTION

Source text for Eikon: ID:nPSX4Sl9rQ

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((Reuters.Briefs@thomsonreuters.com;))