ING APAC’s Post

📢 Client work! Marking the start of a wave of data centre development in Malaysia, our team in Singapore led by Thomas England has advised advised Yondr Group, a global developer, owner and operator of hyperscale data centres, on the international aspects of its more than USD 900 million debt financing for the construction and initial operation of the company's 98MW hyperscale data centre which is part of a larger data centre development in Johor, Malaysia. Read more: https://lnkd.in/gTviEDhU Working alongside Thomas our team included Chin Seng Chew, Jervis Chan, Ivan Ting as well as Matthew Buchanan, James T. and Thomas Hobbs Martin advising on the construction aspects and Francis Edwards and Leland Hui advising on the derivatives aspects. #DataCentres #DataCenters #Hyperscalers #ConstructionFinance #CliffordChance

https://lnkd.in/esVi9qdM | We are pleased to have advised on the secured financing of more than US$900 million to fund the construction and initial operation of Yondr Group's 98MW data centre development in Johor, Malaysia. Once completed, it will be the largest hyperscale data centre campus in Southeast Asia. A team based in the firm's Hong Kong and Singapore offices, led by Asia Regional Managing Partner, Michael Gagie and Finance Partner Lorraine Pao, with assistance from Legal Manager Michael Leung, acted as British Virgin Islands counsel to the consortium of financial institutions. #Finance #Technology #Infrastructure #SoutheastAsia #BVI

Chinese data center developer and operator Shanghai DC-Science Co. is seeking a private debt of between $600 million and $700 million for a data center project in Johor, Malaysia. First reported by Bloomberg, the private loan would fund project Brightray DC, which is scheduled to deliver its first phase in February next year. The loan could take the form of a one-year construction financing, or a convertible loan, where the lender could become an equity investor. Shanghai DC-Science declined to disclose financial details and further plans to the publication. Last year, the operator was involved in a partnership with Malaysia-based real estate firm MN Holdings Bhd to build a facility in Johor. Shanghai DC-Science was founded in 2013. It has two subsidiaries, Bluebodi and Qnet, which provide data center and Internet networking services respectively. Listed on its website, Shanghai DC-Science claims to have established facilities in Beijing, Shanghai, Yangzhou, and Shaoguan, but little other information is available online. Another Chinese operator, GDS Holdings, was also seeking to raise around $2.3 billion in loans earlier this year for data center developments in Malaysia. The Malaysian state of Johor is just across the border from Singapore and has benefitted from Singapore’s moratorium on data center developments. The state has grown a sizeable data center market with developers and operators including PDG, AirTrunk, Equinix, Keppel, ChinData's Bridge DC, and Yondr. #ExtremaRatio https://lnkd.in/dxjJBSSu

Yondr Group has secured over US$900 million in financing for its upcoming data center campus in Johor, Malaysia. This funding will support the construction and initial operation of the 98MW data center development, which is set to become the largest hyperscale data center campus in Southeast Asia once fully completed. The project is located on a 72.5-acre site in Sedenak Tech Park and is expected to deliver 300MW of critical IT capacity at full build-out. The financing was provided by a consortium of lenders, including DBS Bank, Deutsche Bank, Global Infrastructure Partners, HSBC, International Finance Corporation, ING, and Natixis CIB (DataCenterDynamics).

Telecom | Telkom Indonesia - Chris Hoare Telkom Indonesia reported a better quarter on the 19th of April, 2024. Revenue and EBITDA trends inflected; margins are trending towards the higher end of the guided range while capex intensity was relatively lower this quarter. Telkomsel’s margins came in in the middle of the guidance this quarter. Read full story here: https://buff.ly/449yeqB For more information on our #telecom #mobile product, and other Aletheia Capital research, please contact info@aletheia-capital.com #investments #advisory #ideas #fintech #InYourCorner

Malaysia: "Johor, the southern state which borders Singapore, has drawn about 50 data center projects in the last three years, including from ByteDance and Microsoft." "Johor alone is set to draw some $3.8 billion in investment in data centers this year, according to separate estimates by Malaysian bank Maybank. In June, the Johor government said nine data centers were complete, with at least 30 more projects in the pipeline." "Electricity demand from data centers could exceed 5,000 MW by 2035, or nearly a fifth of the installed capacity of Peninsular Malaysia where Johor is located, the national electricity company Tenaga Nasional Berhad estimates." https://lnkd.in/gcu34QHr #malaysia #datacenters #startupmalaysia #asiatechnews #Technologynews

Malaysia Axiata Group & Indonesia PT Sinar Mas have announced to mergetheir Indonesia telecom business PT XL Axiata and PT Smartfren to create a $6.5 billion telecom group XLSmart, with Axiata Group & PT Sinar Mas to own 69.6% in combined shares with 34.8% each.  In 2024 April, Malaysia Axiata Group & Indonesia PT Sinar Mas are in advanced talks to merge their Indonesia telecom business PT XL Axiata and PT Smartfren to create a $3.5 billion telecom group.  Read - https://lnkd.in/gRWfDzvC follow Caproasia | Driving the future of Asia Malaysia Axiata Group & Indonesia PT Sinar Mas have announced to mergetheir Indonesia telecom business PT XL Axiata and PT Smartfren to create a $6.5 billion telecom group XLSmart, with Axiata Group & PT Sinar Mas to own 69.6% in combined shares with 34.8% each.  In 2024 April, Malaysia Axiata Group & Indonesia PT Sinar Mas are in advanced talks to merge their Indonesia telecom business PT XL Axiata and PT Smartfren to create a $3.5 billion telecom group.  

Japan's digital transformation initiatives present significant opportunities for firms specialising in digital infrastructure investments, as heard at The Tech Capital's Asia Paficif Finance Forum 2024 in Jakarta just last week. Read more here: https://lnkd.in/eG6j_UZx Follow for more timely news, views, and interviews. You may also subscribe free to access all content here: https://buff.ly/3XiMLeI At The Tech Capital, you lead, we report. #digitalinfrastructure #infrastructure #business #digital #datacentres #realestate #finance #investment DigitalBridge Yoshiaki Fujimori #privatequity #infrastructure #tmt #platform #artificialintelligence #thetechcapital #youleadwereport #ttc

Malaysia Axiata Group & Indonesia PT Sinar Mas have announced to mergetheir Indonesia telecom business PT XL Axiata and PT Smartfren to create a $6.5 billion telecom group XLSmart, with Axiata Group & PT Sinar Mas to own 69.6% in combined shares with 34.8% each.  In 2024 April, Malaysia Axiata Group & Indonesia PT Sinar Mas are in advanced talks to merge their Indonesia telecom business PT XL Axiata and PT Smartfren to create a $3.5 billion telecom group.  Read - https://lnkd.in/gbvTUm9G follow Caproasia | Driving the future of Asia Malaysia Axiata Group & Indonesia PT Sinar Mas have announced to mergetheir Indonesia telecom business PT XL Axiata and PT Smartfren to create a $6.5 billion telecom group XLSmart, with Axiata Group & PT Sinar Mas to own 69.6% in combined shares with 34.8% each.  In 2024 April, Malaysia Axiata Group & Indonesia PT Sinar Mas are in advanced talks to merge their Indonesia telecom business PT XL Axiata and PT Smartfren to create a $3.5 billion telecom group.  

Malaysia Becomes Southeast Asia's Data Center Hub Summary: Malaysia is positioning itself as a leading data center hub in Southeast Asia, driven by a strategic geographic advantage and substantial investment from global tech companies. Johor is emerging as a prime location due to its proximity to Singapore, with major data center projects from YTL Corporation Berhad (500 MW), Yondr Group (200 MW), and AirTrunk (150 MW), set to be operational between 2024 and 2025. Other significant developments are taking place in Cyberjaya, Kuala Lumpur, and Kedah, with contributions from key players like EdgeConneX, Microsoft, and Vantage DC, which is building a 256 MW facility expected to come online by 4Q25. In total, Malaysia has over 1 GW of data center capacity currently under construction and an additional 3 GW in various stages of development. This growth is facilitated by strong governmental support, including efforts to improve the water supply and energy infrastructure, addressing the operational needs of these data centers. The rapid increase in demand, driven by AI workloads and cloud computing, has encouraged modular and flexible data center designs, ensuring scalability and adaptability. With Malaysia’s strategic importance in the regional digital ecosystem and its supportive regulatory framework, the country is becoming a key destination for both AI-driven infrastructure and traditional cloud computing services, despite concerns over potential oversupply. Source: https://lnkd.in/gQFsgkad #DataCenters #Malaysia #DigitalTransformation #Johor #Cyberjaya #AIInfrastructure #CloudComputing #TechInvestments #GreenDataCenters #SoutheastAsia #Sustainability #ModularDataCenters