KUALA LUMPUR: The two oldest telecommunication giants of Malaysia and Singapore, Telekom Malaysia Bhd
(TM) and Singapore Telecommunications Ltd (Singtel), have joined hands to develop data centres with an initial funding of over RM1bil.
The 51:49 joint venture (JV) will be established between TM’s unit TM DC Educity Sdn Bhd and Nxera, the regional data centre arm of Singtel’s Digital InfraCo unit. TM will own the majority stake.
The JV company (JV-co), currently known as ST Dynamo DC Sdn Bhd, will soon change its name to TM Nxera Sdn Bhd, TM said in a filing with Bursa Malaysia.
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