Advanced Info Service Public Company Limited (SET: ADVANC) has informed the Stock Exchange of Thailand that the Board of Directors, at its meeting held on 11 April 2025, approved AIS DC Venture Company Limited (AISDC), subsidiaries of the Company, to enter into a connected transaction with GSA Data Center 01 Company Limited (GSA01).
GSA01 is a subsidiary of GSA Holdings Company Limited (GSA Holdings), a joint venture in which the Company holds a 25% equity stake, alongside the Company’s major shareholders: Gulf Development Public Company Limited (SET: GULF), with 40% stake and Singtel Strategic Investments Pte Ltd. (Singtel), with 35% stake.
The transaction involves AISDC providing financial support to GSA01 in proportion to its shareholding, amounting to THB 400 million, representing 25% of the total THB 1.6 billion. The purpose of this funding is to be used as working capital to support the development of a data center construction project in which the Company is participating through GSA Holdings. This investment offers the opportunity to generate returns in proportion to the Company’s equity interest.
GSA Holdings, an investment company specializing in the data center business, has identified significant opportunities and market trends in the rapidly growing data center sector. To capitalize on this potential, funding is required to support the development of its data center construction project under the GSA01. This project aims to meet the increasing demand for data center services to Hyperscale clients. The Company anticipates long-term benefits from GSA01’s performance, proportionate to the Company’s equity stake in the joint venture. Furthermore, this project will enhance the Company’s competitiveness in providing enterprise services by building upon its connectivity services to deliver data center solutions.
