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Singtel signs joint development agreement with Gulf Energy and AIS to develop and operate data centres in Thailand

Felicia Tan
Felicia Tan • 2 min read
Singtel signs joint development agreement with Gulf Energy and AIS to develop and operate data centres in Thailand
As at 9.13am, shares in Singtel are trading 5 cents higher or 2.06% up at $2.48.
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Singapore Telecommunications (Singtel) has executed a joint development agreement (JDA) with Gulf Energy Development Public Company Limited (Gulf Energy) and Advanced Info Services Public Company Limited (AIS) to jointly develop and operate data centres in Thailand on Feb 3.

Gulf Energy is Thailand’s largest private power producer, while AIS is one of Thailand’s leading telcos. AIS is also a regional associate of Singtel.

The JDA follows a memorandum of understanding (MOU) signed by Singtel and Gulf Energy on Sept 30, 2021.

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