Economy 1 MIN READ

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

March 2, 2022By 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

Further company coverage: AC.PS

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

This article originally appeared on reuters.com

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