WHA Corp to form Thailand’s first data centre with Japan’s NTT

Thailand’s listed warehouse and factory developer WHA Corporation has signed the memorandum of understanding with NTT Facilities, Japan based information technology and data centre operator, to form a joint venture in setting up the first such facility in Thailand.

This data centre would respond to the government’s policy to promote Thailand to be the regional digital hub in the future, said WHA’s chief executive Somyos Anantaprayoon.

“Data centre will be a significant step for develop the country’s economy. We want to be the first mover as well as boost our competitiveness and create connectivity for all our warehouses, factories and offices for rent,” he said.

He had previously met Deputy Prime Minister Pridiyathorn Devakula, who told him that the government would give a full support to make it happen including, the provision of tax incentives via the Board of Investment and some subsidy for electricity cost.

The cooperation between WHA Corp and NTT is a strong synergy as WHA is one of the country’s leaders in logistics and warehouses. Therefore, it has warehouses in good strategic locations which are suitable for setting up the data centre for both Thai and foreign investors.

Meanwhile, NTT Facility will use its expertise in data centre to build the leading data centre in ASEAN. Currently, it has the market share up to 30 per cent in Japan.

So far, WHA and NTT is working on the joint venture company’s structure, but WHA will hold the majority stake in this joint venture.

Once the data centre starts the operation, he expects that it will generate the revenue to the company immediately and initially he targets to make one billion baht per year. However, this target is also up to how many biddings for the government’s projects it can win.

He said that WHA is trying to become the regional hubs for four businesses in the future. They are logistics hub, industrial hub, utility and power hub and digital hub.

Related stories: 

WHA Corp promoter plans to offload 10% stake

WHA Corp’s $94m REIT to start trading on SET

 

Image: Freedigitalpictures.net

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.