• Successful completion of sale of Global Switch Australia for A$2.12 billion.
• Generates substantial capital to further pursue ambitious growth opportunities in new and existing markets.
• UBS appointed to explore co-investment opportunities in Global Switch’s rapidly expanding super-prime London campus.

London, 18 December 2024 – Global Switch Holdings Limited (“Global Switch” or the “Company”) is pleased to announce the completion of the A$2.12 billion sale of Global Switch Australia Holdings Ltd (“GSAH”).

The successful transaction has enabled Global Swich to fully realise the value of its historic economic interests in GSAH and represents a significant first step in the Company’s capital raising to fund future growth. All customary regulatory and lender approvals have been received and Global Switch has retained its strong investment grade credit ratings.

Following completion, GSAH and its subsidiaries and GSAH’s immediate parent entity, Global Switch Group Limited, have been released as guarantors of Global Switch’s bonds and other debt obligations.

The net proceeds of this transaction have further strengthened the Company’s balance sheet and provide substantial further capital for Global Switch to capitalise on the significant growth opportunities it has identified. The company continues to see attractive opportunities predominantly in its existing core Tier 1 markets of Europe and Asia-Pacific and also in selective new, high-growth Asian markets.

The Company continues to pursue a dual-track growth strategy of redeveloping and densifying existing data centres together with developing new sites, often adjacent to existing assets. The Company is focused on delivering high-quality, low-latency IT capacity that meets a wide range of customer needs, including both air- and liquid-cooled AI and high-performance computing (HPC) demand.

As part of its financing strategy to drive future growth, Global Switch has also recently appointed UBS as financial adviser to explore co-investment opportunities for its super-prime London data centre portfolio.

Global Switch’s existing London data centre portfolio benefits from irreplicable proximity and connectivity to key business centres. The portfolio, in London’s Docklands, includes two operating data centres and a new, high-density hyperscale neo-cloud development, all designed to house the latest HPC and AI compute available on the market.

In total, Global Switch’s London portfolio has secured access to a total of 224 MVA of power in a highly supply-constrained market over the coming five years.

London’s data centre market continues to be one of the largest in the world, and is set to continue its growth to remain Europe’s largest Tier 1 market. Global Switch’s London campus is already meeting the demands of customers, deploying over 10,000 Nvidia H200 and H100 GPUs. This represents one of the largest HPC deployments in the UK.

Current market conditions, where demand for AI and HPC data centres continues to outstrip supply, present an ideal opportunity to recycle capital and fund further growth. The formal process of exploring co-investment in the UK has commenced in London and the Company will provide a further update in due course.

Singapore, December 4, 2024 – Zenlayer, the world’s first hyperconnected cloud, and Global Switch, a leading carrier-neutral data centre operator, today announced a strategic partnership to deliver hyperconnected AI infrastructure and robust connectivity in Asia-Pacific. This partnership enables AI companies to build and operate high-performance AI clusters while leveraging enhanced interconnectivity across Global Switch’s data centres in Hong Kong and Singapore.

The joint solution combines both companies’ cutting-edge technologies designed for AI and connectivity. Global Switch’s Hong Kong data centre features the most advanced direct-to-chip liquid cooling systems, tailored for high-density compute installations. Zenlayer’s high-bandwidth, ultra-low-latency software-defined network (SDN) fabric provides seamless interconnectivity between Global Switch’s data centres, including key international routes such as Hong Kong to Singapore, as well as local interconnections between Hong Kong, Tai Seng, and Woodland data centres. This ensures fast and reliable data transfers for AI training and inferencing across the region.

“We’ve seen a significant increase in the demand for high-density racks in the past two years in Asia, and Hong Kong is a natural choice for us to showcase the latest in liquid cooling technology” said Ashley Muldoon, the Chief Executive Officer of Global Switch. “We are happy to join hands with Zenlayer to provide a turnkey infrastructure solution to power AI growth in the region”.

“We are glad to partner with Global Switch to deliver cutting-edge AI infrastructure solutions to the market” said Joe Zhu, the Chief Executive Officer of Zenlayer. “By combining our purpose-built fabric for AI with Global Switch’s advanced data centre technologies, we are offering a comprehensive solution that simplifies AI deployment, allowing AI companies to focus on what matters most: groundbreaking innovations”.

Beyond its network capabilities, Zenlayer also provides managed AI data centre services and GPU Cloud, on-demand compute resources to accelerate AI workloads. With infrastructure optimised for AI interference workloads, Global Switch facilitates fast, seamless processing and real-time decision-making for AI applications throughout Asia-Pacific. Contact the Zenlayer and Global Switch teams to learn more about the joint offerings.

In response to the recent Dana Storm, which devastated large areas of Spain and disrupted countless lives, Global Switch has made a significant financial contribution to assist affected communities and their recovery efforts. We are pleased to announce that these donations have been directed to two highly regarded Spanish charities, Fundación Altius and Fundación CEOE. Both organisations are known for their efficiency, reach and expertise in humanitarian assistance and economic support, making them ideal partners in aiding the Dana Storm victims.

Fundación Altius has established a strong reputation, particularly in distributing emergency aid to underserved populations and providing essential resources such as food, shelter and medical supplies. Meanwhile, Fundación CEOE, alongside the Data Center Association and linked to the Spanish Confederation of Business Organisations, or Confederación Española de Organizaciones Empresariales (CEOE), is integral to a vast network of Spanish enterprises. Fundación CEOE’s extensive partnerships allow it to coordinate aid effectively, ensuring that assistance reaches those in need quickly whilst fostering local economic resilience.

The choice to work with Fundación Altius and Fundación CEOE underscores our conviction that strategic philanthropy, when combined with organisational expertise, can deliver significant impact. Each organisation was selected for its established networks and proven ability to deploy resources efficiently. Moreover, this collaboration aligns with Global Switch’s mission to support initiatives that strengthen the communities we serve and our commitment to social responsibility.

The Dana Storm is a reminder of the unpredictable challenges that we, the global community, can face and the need for resilient networks capable of mobilising quickly in times of crisis. By working with Fundación Altius and Fundación CEOE, we are proud to contribute not only to immediate relief but also to the foundations of long-term recovery.

We thank Fundación Altius and Fundación CEOE for their partnership and commend them for their unwavering dedication to humanitarian aid.

• Transaction allows Global Switch to fully realise the value of its historic economic interests in Global Switch Australia.
• Generates substantial capital available for Global Switch to further pursue ambitious growth opportunities in new and existing markets.
• Transaction closing conditional on customary regulatory and lender approvals.
• Global Switch expects to retain strong investment grade credit ratings.

London, 24 October 2024 – An agreement has been reached for the sale of Global Switch Australia Holdings Ltd (“GSAH”) for A$2.12 billion to HMC Capital. The transaction enables Global Switch Holdings Limited (“Global Switch” or the “Company”) to fully realise the value of its historic economic interests in Global Switch Australia. The transaction represents a significant first step in the Company’s capital raising for future growth.

Since December 2016, GSAH has operated as a separate, standalone business, with Global Switch maintaining its historic economic interests in the business. Global Switch expects the deal to close in late 2024 or early 2025 – following the receipt of customary regulatory approvals in Australia.

Global Switch is a world-leading owner, operator and developer of large-scale data centres in Europe and Asia-Pacific. The proceeds of this transaction will strengthen the Company’s balance sheet and provide substantial further capital for Global Switch to capitalise on significant growth opportunities presenting themselves in other prime geographies through redevelopment, the integration of the latest cooling technologies, and the building of new data centres to meet burgeoning AI and high performance computing (HPC) demand.

Global Switch provides high density, low latency IT capacity, expertise and the latest technological solutions on a flexible basis to leading technology organisations across the key markets of Europe and Asia-Pacific, including the Company’s existing Tier 1 markets of London, Paris, Frankfurt, Amsterdam, Madrid, Singapore and Hong Kong.

Driven by strong customer demand, Global Switch has performed strongly in the year-to-date, capitalising on the growth of AI/HPC and meeting customer demand through its ongoing redevelopment, power densification and growth programs.

The transaction follows a number of recent deals within the global data centre market and delivers compelling economics to Global Switch. Global investors are drawn to the criticality of the data centre industry and its exposure to the growth of the most cutting-edge technologies, such as AI/HPC. Demand for data centre capacity continues to outstrip supply, particularly in the prime locations where Global Switch’s sites can be found.

Global Switch remains committed to maintaining strong investment grade credit ratings and expects these to be retained following the transaction. Consent to the transaction is required from Global Switch’s Revolving Credit Facility (RCF) and Term Loan banks, which is expected to be forthcoming, whilst GSAH and its subsidiary companies will cease to be guarantors of Global Switch’s bonds maturing in 2027 and 2030 and its RCF, all of which are otherwise unaffected by the transaction.

Ashley Muldoon, CEO of Global Switch, said: “The proceeds from the sale of our historic economic interests in GSAH will enable us to accelerate our ambitions to meet the demand for data centre capacity in our critical hubs around the world, and to continue to ensure that our customers’ needs are met as demand increases for AI and high performance computing deployments.”

Hong Kong, 26 Sep 2024 – Global Switch, a leading carrier-neutral data centre operator, proudly announces the launch of state-of-the-art liquid cooling capabilities at its Hong Kong data centre, with the first demonstration of new liquid cooling technologies in Hong Kong. The innovative liquid cooling showcase demonstrates capabilities to meet the demanding requirements of AI-driven applications, which rely on high-performance computing servers.

CBC Tech, as a next-gen Network-as-a-Service (NaaS) provider aims to support AI companies across China and globally, offering them unparalleled network performance and data centre solutions that meet their evolving needs.

The new liquid cooling capabilities in Global Switch’s Hong Kong facility will significantly reduce the energy consumption and operational costs associated with high density computing environment, making this data centre the ideal solution for AI workloads. This development further strengthens Global Switch’s commitment to providing cutting edge infrastructure to support the growth and success of AI companies in the region.

Shu Yee Hoo, Vice President of CBC Tech commented: “Our collaboration with Global Switch underscores our shared commitment to innovation and excellence. The advanced cooling technology at Global Switch’s Hong Kong data centre, combined with CBC Tech’s robust SD-WAN and SASE capabilities, will provide AI companies with the critical infrastructures they need to strive in today’s competitive landscape.

Eric Liu, Managing Director, Hong Kong, from Global Switch added: “This collaboration with CBC Tech aligns with our mission to deliver exceptional data centre solutions. Our new liquid cooling capabilities are testament to our dedication to supporting the most advanced computing needs of our clients, particularly in the AI sector.

• Brings flexible solutions to Hong Kong that meet the demands of the most innovative, high-compute AI businesses 
• 30MW liquid-cooled capacity available within its data centre in Tseung Kwan O
• Liquid cooling is the latest development in cooling technology, with variants including direct-to-chip and rear-door-heat-exchangers
• Addresses needs of the highest density compute installations now emerging 
• Collaboration with Supermicro, xFusion and Liquidstack to offer the latest hardware and liquid cooling technology
• Further cements its position as the region’s leading data centre provider

The latest in liquid cooling technology has now arrived in Hong Kong, making Global Switch’s Tseung Kwan O data centre the go-to hub for high-compute, next generation businesses.

Working in collaboration with industry experts Supermicro, xFusion and Liquidstack, Global Switch is the first data centre operator in Hong Kong to offer the combination of the latest hardware and the latest in liquid cooling technology to its customers.

Designed to meet the needs of Hong Kong’s growing AI industry, Global Switch’s Hong Kong data centre now has a unique, proven capability to deliver cutting-edge, direct-to-chip liquid cooling. It currently has 30MW of capacity available – enough to support hundreds of AI-focused startups.

Global Switch’s flexible infrastructure allows customers complete freedom to choose air or liquid cooling and plan their own journey through all cooling options to higher densities.

The data centre market in Hong Kong is estimated to grow in value from US$3 billion in 2023 to around US$5.7 billion by 2028. This growth will be driven to a large extent by the continued, government-supported, development of the local AI industry. Highlighting the importance of the infrastructure that supports this industry, the Hong Kong government estimates that computing power demand in the city will reach 15,000 petaflops by 2030.

As the components required to power AI businesses become ever more powerful, the need for efficient and sustainable cooling technology gains increasing urgency. Liquid cooling is the latest development in cooling technology, with variants including direct-to-chip and rear-door-heat-exchangers driving ever greater efficiency and reduced energy consumption.  Global Switch’s state-of-the-art display suite marks the first time this technology has been showcased live in the Hong Kong market.

Global Switch’s Hong Kong facility is already the largest carrier and cloud neutral data centre in the city; with the ability to deploy these liquid cooling solutions, it is also now pioneering data centre sustainability. The site already benefits from one of the lowest power usage efficiency (PUE) system designs in the region, and customers adopting the latest in cooling technology can expect to see further gains.

The data centre has achieved a Leadership in Energy and Environmental Design (LEED) Platinum rating and the site has been recognised as OCP Accepted – reviewed and approved by the Open Compute Project as demonstrating efficiency, scale and sustainability. 

Located in the Tseung Kwan O Industrial Estate, Global Switch’s Hong Kong facility is adjacent to major submarine cable landing stations, as well as the heart of the city’s financial and business district. At over 70,000 square metres, the site enables customers to benefit from supreme regional connectivity, with a full range of colocation, cloud and managed services. 

Ashley Muldoon, Global Switch CEO, said: “Hong Kong is a natural choice for us to showcase the latest in liquid cooling technology and, in doing so, demonstrate the market leading flexibility of our infrastructure. We are moving the Hong Kong data centre market forward. We are excited to help the region’s most innovative businesses benefit from the latest advancements in cooling technology, and to support the flourishing of a local AI industry.”Eric Liu, Managing Director, Global Switch Hong Kong, said: “In July we were proud to announce that our Hong Kong data centre was the first in the region to achieve OCP Ready™ status. Today’s news demonstrates that our site is ready to support all AI and high performance computing deployments which require the latest in liquid cooling technology.” 

Singapore, 29 August 2024 – Telin, the international arm of PT. Telkom Indonesia (Tbk) with a global presence, and leading data center provider Global Switch, today announced a collaboration to improve bandwidth allocation and connectivity throughout the Asia Pacific area.

Telin’s cutting-edge TNeX technology will give clients in these markets pay-per-use and on-demand bandwidth provisioning. Through this partnership, Global Switch Singapore’s cutting edge data center facilities will now be used for interconnection by Telin’s vast undersea cable network, which connects Singapore, Jakarta, Europe, and the Asia Pacific.

Customers using the TNeX platform will benefit from:

• Flexible and scalable 10G and 100G bandwidth choices for LAYER 1.
• Activation and provisioning in real time – Modifiable contract terms
• Increased redundancy and dependability of the network

Telin Chief of Product, Azmal Yahya said, “We are excited to launch TNeX in the state-of-the-art Global Switch Singapore facility, offering our customers a revolutionary way to manage their bandwidth needs.” “This partnership reinforces our commitment to innovation and customer satisfaction.”

Terence Teo, Managing Director of Global Switch Singapore, said, “Our partnership with Telin demonstrates our ongoing investment to advance connectivity for Singapore. Our data center facilities will provide a robust and secure infrastructure for Telin’s TNeX platform. Our customers will get a further major gain through improved connectivity, flexibility, and scalability thanks to the collaboration between Telin and Global Switch Singapore and this in turn will fuel the expansion of the digital economy in Singapore and the wider Asia Pacific area.

LONDON, United Kingdom – 31 July 2024 – Global Switch, a leading owner, operator and developer of large-scale, network dense, carrier and cloud neutral, multi-customer data centres in Europe and Asia-Pacific, welcomes the Open Compute Project Foundation (OCP) recognition of its Hong Kong data centre as the first – and currently only – data centre in Hong Kong fully OCP Ready™ v1.

OCP Ready™ data centres offer many advantages for Machine Learning and AI applications thanks to the synergies between the OCP guidelines and the high-density power, cooling and physical infrastructure demanded by these deployments. The flexibility of the installed infrastructure also enables Global Switch Hong Kong to provide super-high rack deployment for chipsets that are unable to be supported by air.

The OCP Ready™ programme was launched in 2018 to help organisations find data centres where OCP IT equipment can be deployed at scale, with ease. Global Switch Hong Kong joins an elite list of data centres, including Global Switch’s own Amsterdam East facility, which have received this coveted certification. The data centre achieved Optimum ratings in several key categories including power and cooling.

Global Switch’s Hong Kong data centre is located in the Tseung Kwan O Industrial Estate, developed by Hong Kong Science and Technology Parks to help maintain the region’s position as one of the world’s leading economic centres. With 70,545 sq m of world class infrastructure services and 100MVA of utility power, it is Hong Kong’s largest carrier and cloud neutral data centre, enabling Asia-Pacific customers to optimise their IT infrastructures and meet their business needs. The data centre has also achieved a Leadership in Energy and Environmental Design (LEED) Platinum Rating and is targeting the Hong Kong Green Building Council’s BEAM Plus New Build Gold rating.

Global Switch Hong Kong passed a validation process and earned the certification by complying with OCP’s guidelines and industry best practices for high-density power, cooling and physical infrastructure, optimised for OCP recognised hardware. The principles of the OCP standard complement Global Switch’s own approach to flexible design for high density and liquid cooled deployments and prove their commitment to innovation, efficiency and sustainability.

Eric Liu, Managing Director, Global Switch Hong Kong said: “To echo the theme of this year’s OCP China Day, Global Switch is committed to providing smart, sustainable and scalable services to our customers. We are proud of the recent recognition of our Hong Kong data centre by the OCP. With our Open Computing Design, our customers can enjoy the most efficient way to deliver their data centre deployment. As the home of the top three China cloud providers, Global Switch Hong Kong also enables our customers to immediately access these clouds just metres away.”

Global Switch customers will now have access via Time’s A-Grid Network traversing Malaysia to Thailand, Cambodia and Vietnam

Singapore, 09 July 2024 – Global Switch, a leading owner, operator and developer of large-scale, carrier and cloud-neutral data centres in Asia-Pacific and Europe, is pleased to announce a strategic co-operation with TIME dotCom Berhad (Time), a leading telecommunications service provider in Malaysia and a key player in the Southeast Asian region. This strategic co-operation will empower enterprise, hyper-scale and generative AI customers looking for seamless connectivity in the Southeast Asian region, thereby expanding their reach and potential.

Global Switch 2 Tai Seng is a point of presence for Time’s Cross Peninsular Cable System (CPCS) and ASEAN-Grid (A-Grid) network that connects Singapore and Malaysia to Thailand, Cambodia and Vietnam. Time’s CPCS and A-Grid networks, spanning over 4,000 kilometres across five countries, are a testament to their commitment to providing high-capacity, resilient, and low-latency connections. This, coupled with Global Switch Tai Seng’s connectivity ecosystem, a world-class interconnection hub with direct access to multiple submarine cable systems, major international and local telecommunications companies, internet exchanges and cloud on ramps, will assure customers of Global Switch the ability to meet the growing demand for data exchange and digital trade in the region.

Global Switch’s Managing Director for Singapore, Terrence Teo said, “We are delighted to collaborate with Time to improve the connectivity landscape in the region. Our data centre’s strategic location and robust connectivity ecosystem, supported by diverse infrastructure, make it an ideal primary gateway for international connectivity. By hosting Time’s CPCS point of presence in our Tai Seng data centre, we will further enhance Singapore’s position as a connectivity hub, enabling all other data centre customers and cable landing stations in Singapore as an alternative option to connect directly to data centres in Malaysia and Thailand.”

Time’s EVP of Wholesale, Ganesh Sivasamboo commented, “We are confident that this collaboration, with our combined expertise and infrastructure, will deliver unparalleled connectivity solutions to customers, including hyper-scalers, enterprises and generative AI companies looking to expand in Southeast Asia. Time’s presence in strategic cities has uniquely positioned our A-Grid network as a bridge into the region via a secure and high availability network for seamless interconnectivity and a scalable network design to cater to evolving business needs.”

Collaboration utilises Global Switch Singapore’s internet exchange, submarine cable and carrier dense data centres

Singapore, 27 May 2024 — StarHub, a leading telecommunications service provider in Singapore, collaborates with Global Switch, a prominent owner, operator and developer of large-scale, carrier and cloud-neutral data centres in Asia-Pacific and Europe on Low Latency Data Centre Connect in Singapore.

“Aligned with our DARE+ initiative and Cloud Infinity programme, StarHub is proud to collaborate with Global Switch and leverage their ecosystems of data centre network and operations. With Low Latency Data Centre Connect, we aim to offer a purpose-built fibre network with minimal hops and latest state-of-the-art optical technology, supporting mission-critical application sensitive workloads to address customers’ latency-sensitive business needs,” said Tan Kit Yong, Head of Enterprise Business Group, StarHub.

Enabled by Cloud Infinity, StarHub’s hybrid multi-cloud platform, this collaboration will see Low Latency Data Centre Connect network, with ultra low-latency connectivity to Global Switch Singapore’s Woodlands and Tai Seng data centres. Tai Seng in particular, is recognised as one of the most interconnected data centres in Singapore and a key Asia-Pacific region connectivity hub that boasts a vibrant and ever-expanding ecosystem.

The state-of-the-art data centre now features an advanced fibre network that is fully diverse, ensuring maximum reliability through multiple paths. At the same time, the advanced fibre network is equipped with software-defined network capabilities to rapidly scale and meet the expanding bandwidth requirements of demanding OTT and cloud data services and applications. This is also coupled with a quantum encryption-ready network that will provide a protected network and robust security against advanced cyber-attacks.

Through Low Latency Data Centre Connect, Global Switch customers in Singapore will have secure on-demand connectivity to a global network of key data centre ecosystems and submarine cable PoPs for seamless connectivity, making this network a crucial asset for data-intensive operations.

“Global Switch is proud to support StarHub’s launch of Low Latency Datacentre Connect in our Woodlands and Tai Seng data centres. Our data centres in Singapore are home to the network PoPs of all major international telecommunications companies,” said Terence Teo, Managing Director, Global Switch Singapore.

“Additionally, a number of major submarine cable systems land directly in Global Switch Singapore Tai Seng. Virtually all ISPs, content delivery and hyperscalers are hosted at our two data centres in Singapore. Having Low Latency Datacentre Connect at our sites will enable all other data centres and cable landing stations in Singapore to connect to Global Switch Singapore for access to content and interconnections,” said Teo.

This collaboration is a testament to StarHub’s dedication to customer experience and staying ahead of the curve, providing its customers with the best possible experience. In addition to Low Latency Data Centre Connect’s advanced fibre network, StarHub is continuously exploring new opportunities for cloud-based services and seeking to improve and expand its offerings through its Cloud Infinity Programme.