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The data centre market in Malaysia, which was a rising trend last year, is expected to witness steady growth in the upcoming years, according to real estate service firm JLL in a webinar titled "Data Centre as the New Real Estate Deal" held on Thursday (Aug 18).
WITH 5G and digital services being two key growth areas, Telekom Malaysia Bhd (TM) is actively seeking partners and solutions in the digital space to strengthen its value proposition. And it is not discounting the possibility of acquisitions or joint ventures taking place this year. “That [the need to invest to be better positioned for new growth areas] is partly why we are looking at conserving our cash position,” its managing director and CEO Imri Mokhtar tells The Edge.
Potential suitors include GDS Holdings and EdgeConneX, sources told Bloomberg.
NTT launches hyperscale data center in Indonesia and will also develop a new data center in Vietnam, which is expected to be ready by 2024.
A Singaporean official has confirmed that regulators will start accepting applications for development of new data centre next quarter.