Globe Telecom, Ayala and ST Telemedia Global Data Centres to form a joint venture in a $350m deal.

Globe Telecom, a major provider of telecommunications services in the Philippines, Ayala, one of the largest and most diversified business groups in the Philippines, and ST Telemedia Global Data Centres, one of the world’s fastest-growing data center providers, agreed to form a joint venture in a $350m deal. "We are excited to support this initiative and leverage our wide relationships to maximize opportunities for the Venture. We believe we have found in STT GDC the right partner to help us scale up and play a major role in the development of the Data Center Industry in the country," Fernando Zobel de Ayala, Ayala President and CEO.