BRIEF-Ayala Corp Says Co, Globe, And STT GDC Enter Into $350 Million Venture
by Reuters
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April 4 (Reuters) – Ayala Corp AC.PS:
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CO, GLOBE, AND STT GDC ENTER INTO $350 MILLION VENTURE TO EXPAND CURRENT DATA CENTER FOOTPRINT IN THE PHILIPPINES
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UNDER AGREEMENT, CO AND ST TELEMEDIA GLOBAL DATA CENTRES SHALL SUBSCRIBE TO NEW SHARES IN UNIT OF GLOBE TELECOM BUSINESS HOLDINGS
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POST EXECUTION OF AGREEMENT, GTIBH TO REMAIN LARGEST SHAREHOLDER WITH 50% OWNERSHIP, FOLLOWED BY STT GDC WITH 40% STAKE
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This article originally appeared on reuters.com