CP Group’s data centres unit seeks $150 million in stake saleTrue Internet Data Center Co, a unit of conglomerate Charoen Pokphand Group, is seeking to raise about $150 million from a sale of a minority stake, according to people with knowledge of the matter. True IDC is a carrier-neutral data centre and cloud service provider, and is part of CP Group’s digital unit Ascend Corp, according to its website. The unit operates four data centres in Thailand and one in Myanmar, True IDC’s website shows. Digital infrastructure such as towers and data centres are attracting interest from investors following a surge in online activity during the coronavirus pandemic. Time Dotcom Bhd, a Malaysian telecommunications provider, is considering strategic options for its data centres business that could be worth more than $500 million, Bloomberg News has reported.

Source: Bangkok Post April 13, 2022 10:31 UTC