Gaw Capital in partnership to tap into Korea Internet data centre market
According to an announcement on April 26 introducing the offer, Gaw Capital claims that this alliance will certainly additionally increase the Dreamline telecommunications business and notes the beginning for Gaw Capital to tap into the Korean IDC market.
“The surging need for data centres in Asia Pacific remains to grow as a result of raised Internet usage driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Across The Globe, Gaw Capital’s data centre portfolio comprises data centres in China, Indonesia, Japan, and now South Korea. The private equity company states that it will remain to choose opportunities to develop its IDC presence in South Korea.
The agreements will certainly see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, in addition to establish a shared tactical partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that handles Dreammark1 as its subsidiary.
Gaw Capital Partners has recently authorized agreements with IMM Investment Corp, a Korean private equity firm, to take advantage of the Korea Internet data centre (IDC) market.