TM, Singtel in data centre tie-up

The JV company will first develop a sustainable, hyper-connected artificial intelligence-ready data centre campus in Johor.

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.