SINGAPORE: Malaysian telecoms firm dotCom is selling a major stake in its data centre business to U.S. infrastructure investor DigitalBridge Group for about 2 billion ringgit ($437.64 million), the companies announced on Tuesday.
The deal, announced at a time of political upheaval in Malaysia, underscores booming demand for infrastructure assets such as data centres in Southeast Asia as investors are lured by their stable, long-term returns.
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