Shot of Corridor in Working Data Center Full of Rack Servers and Supercomputers with Blue Neon … [+]
Gulf Energy—controlled by billionaire Sarath Ratanavadi—said Friday it has signed a memorandum of understanding with telecom giant Singtel to explore the development of a data center business in Thailand and tap the pandemic-induced demand for the digital infrastructure.
Under the MOU, Gulf said it and Singtel will form a partnership, in which 50% will be owned by each party. The partners are the biggest shareholders of stakes in InTouch Holdings and its unit Advanced Info Service, Thailand’s biggest mobile phone carrier.
The news comes as the Covid-19 pandemic accelerates demand for data across the region, with consumers stuck at home turning to online shopping and food deliveries,...
