Sri Lanka’s Dialog Axiata forms joint venture to build and manage country’s first High-Density Data Center
Sri Lanka’s Dialog Axiata Group has reportedly formed a joint venture partnership with information and communications technology park, Orion City to build and manage the country’s first ever High-Density Data Centre at the Orion City IT Park in Colombo.
The proposed centre will be established through Digital Realty (Pvt) Ltd, a company jointly held by Dialog Broadband Network (Pvt) Limited, a fully owned subsidiary of Dialog Axiata Plc and St. Anthony’s Property Developers (Private) Limited (SAPD), a subsidiary of Orion City.
A stock exchange filing has stated that the joint venture is to establish, operate and manage a data centre in the Orion City Park in Colombo 9.
According to reports, the 200 rack data centre is designed to offer services to support the rapidly escalating demand for computing power in an increasingly digital Sri Lankan economy.
Orion City CEO and Digital Realty Managing Director, Jeevan Gnanam has reportedly promised the highest energy efficiency, and robust capacity to support up to 8 kilowatts per rack and Digital Realty’s impressive capabilities are anticipated to drastically improve connectivity as well as accessibility to enhanced computing power.
“The launch of Digital Realty and the impending establishment of our nation’s first, largest, and most efficient High-Density Data Centre is guaranteed to unleash a new wave of tech-enabled opportunities across the entire spectrum of local enterprises – from SMEs and tech-startups to large corporates, and especially for the banking and finance sector,” Gnanam has been quoted as saying in the local media.
The joint venture is the most recent consolidation of a strong relationship between Orion City and Dialog Axiata Group.
OSL take:
The establishment of the country’s first High-Density Data Centre would take Sri Lanka further in e-commerce. The partnership between two key private companies in the country – Dialog Axiata and St. Anthony’s Property Developers (Private) Limited – to set up this new venture in the country indicates the strengths of Sri Lankan companies as well as the developments achieved in Sri Lanka’s overall economic growth. In this environment, foreign businesses/investors could explore opportunities to do business in Sri Lanka and also become development partners of the country.
| Article Code : | VBS/AT/20180322/Z_1 |