ST Telemedia Global Data Centres to Build Largest, Most Interconnected, and Sustainable Carrier-Neutral Data Center in the Philippines
The STT Fairview data center campus is also its largest to date globally
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MANILA Philippines: 18 May 2023 – ST Telemedia Global Data Centres (Philippines) (STT GDC Philippines), a joint venture (JV) between Globe, Ayala Corporation and Singapore-based ST Telemedia Global Data Centres (STT GDC), today announced that it is expanding its footprint in Asia with the development of its largest and most interconnected carrier-neutral data center in the Philippines.
This announcement comes as the company celebrates its first anniversary milestone since the formation of the JV. The data center campus also marks STT GDCs’ single largest data center project development to date across its global portfolio.
“With the Philippine digital industry set to grow at a projected compounded annual growth rate (CAGR) of 20% through 2030 , we are seeing rapidly growing demand for high-quality colocation services in the Philippines as both cloud service providers and enterprises alike continually expand their business platforms to meet consumers' evolving demand for low-latency digital services,” said Carlo Malana, Chief Executive Officer, STT GDC Philippines. “We are confident that we will be able to capture new demand while helping our customers meet their own sustainability ambitions with this new and differentiated data center capacity. This also presents an opportunity to nurture local talent in digital and green skills that will be much needed in the future.”
Sustained growth is projected across ASEAN and the Philippines' digital economy is seen to be a forerunner, with e-commerce expected to propel the country’s gross merchandise value (GMV) to US$35 billion in 2025. The Philippine digital economy is also expected to grow twice as fast as GDP through 2030 .
“With the Philippines’ digital transformation gaining headway, STT GDC’s new facility will be an important addition in the data center space in the country, where the market is underserved. This will provide crucial support for the growing digital industry not just in the country but also in the region, and will set a new standard of sustainability-driven data centers in the Philippines,” said Globe Group President and CEO Ernest Cu.
