Under the terms of the agreement STT GDC and Ticon will come together to launch a new data centre as entry Thailand’s data centre market and capitalising on its recent digital economic trends. The two parties will begin by strategically building its first data centre facility in Bangkok.
Commenting on the partnership, Bruno Lopez, group chief executive officer of STT GDC, said: “Partnering with Ticon provides us with one of the strongest local networks who has intimate understanding of the Thai market, wide access to land banks as well as extensive experience in property development in the commercial and industrial space in the greater Bangkok area and across Thailand. Coupled with our experience in designing, building and operating data centres, this strategic partnership allows us to further broaden our global data centre network and bolster our position as a leading data centre provider across the region together with our other strong established bases in Asia – India, China and Singapore.
“We are confident that combining Ticon’s local experience and knowhow with STT GDC’s commitment and global expertise, will be an extremely valuable proposition to our customers and partners as they grow in Thailand and across the region. We look forward to working with TICON's management team and building this iconic state-of-the-art data centre strategically located in Bangkok city that will support our customers’ growth opportunities in Thailand.”
Adding to Lopez’s comments, Panote Sirivadhanabhakdi, chairman of the executive committee at Ticon, explained why this new site is ideally placed in the country.
“Thailand is in its transition to a full-fledged digital economy, as evident in rising adoption of digital technologies and systems for greater competitiveness of companies across industries as well as in robust emergence of e-commerce businesses and fintech industry in Thailand,” revealed Sirivadhanabhakdi. “The trend is also favoured by government policies including Thailand 4.0 economic model, digital economy master plan, and high-speed Internet infrastructure projects. As a result, the market for IT services has grown by leaps and bounds, especially the data centre market that is expected to double in size over the next three years. All these translate into a great opportunity for Ticon to expand into such new business, as well as to demonstrate its capability and reaffirm its status as the leading developer and total solutions provider of industrial properties. The Board of Directors of Ticon has therefore resolved to set up Ticon Technology and approved its 51-49 joint venture with STT GDC, one of the world’s leading data centre providers for a full foray into this market.”
In January, STT GDC announced that its Singapore data centre facility is to become Vocus point of presence (PoP) in Singapore for its Australia Singapore Cable.
