News Snapshot:
A Singapore-based data centre company is to invest close to US$1 billion over the next three years. Princeton Digital Group (PDG) is looking to buy existing data centre companies, carving out operations from telecoms operators and building greenfield centres, according to CEO and founder Rangu Salgame (pictured). “There’s a market gap we are able to meet,†Salgame told Capacity, following $360 million of new investment, announced today, from the Ontario Teachers’ Pension Plan and Warburg Pincus. Private equity investor Warburg Pincus has already put $500 million into PDG and today will add another $60 million, said Salgame. The Ontario teachers...
