Gulf Energy Development Public Company Limited (SET: GULF) has announced that on February 2, 2022, the company entered into the Joint Development Agreement with Singtel and Advanced Info Services Public Company Limited (SET: ADVANC) to jointly establish a data center business in Thailand.
The purpose of the collaboration is to capture Thailand’s rapid growth in digital infrastructure that is driven by innovation, technology, and a rising demand for data management and data storage from local as well as international organizations. The partnership aims to establish a high-quality data center business which will utilize the latest technologies and efficient energy management integrating green energy to reduce greenhouse gas emissions and support sustainable business growth.
This collaboration leverages the strengths of each partner, which will enhance the value of the data center business. The Company is well-established in the power and infrastructure business with a portfolio of green energy projects in domestic and overseas markets and have an extensive business network. ADVANC has local expertise in developing and operating multiple locations of data centers across Thailand and is experienced in serving a large number of enterprise customers. Singtel has extensive technological expertise in developing data centers and a diversified customer base globally, including hyperscalers. As a result, this partnership will support the development of the data center business to grow in response to the demands for state-of-the-art and high-quality digital infrastructure.
