Digital Edge to acquire Sejong Telecom DC and CLS
Singaporean data center firms makes first move into South Korea
By Dan Swinho
April 2, 2021
Singapore-based Digital Edge has announced it will acquire Sejong Telecom’s data center assets in Seoul and Busan, South Korea.
The all-cash transaction will see Digital Edge acquire a data center in Gangnam, Seoul, and a Cable Landing Station facility in Centum City, Busan from the South Korean telecoms provider.
Digital Edge moves into South Korea
The deal marks the company’s first move into South Korea, and the company says it plans to invest additional capital to expand the capacity and improve the energy efficiency of both facilities. Between the transaction and subsequent expansions, Digital Edge says it expects to invest over $120 million. The transaction is expected to close in the second quarter of 2021.
“With our US$1 billion capital commitment to build the Digital Edge Platform in Asia, we are excited to announce the plan to enter into the Korean market, following our initial investments in data centers in Japan,” said Samuel Lee, Digital Edge CEO.
“Korea is one of the fastest-growing markets in Asia with the most advanced digital infrastructure. This transaction provides a great opportunity for multinational companies, as well as Korean businesses, to leverage Digital Edge’s platform to increase their digital footprint in Korea by interconnecting to a rich ecosystem of customers and partners in all key facilities in Seoul and Busan.”