Connxion to form Chinese data centre JV

Connxion to form Chinese data centre JV

Data and transaction services company Connxion Ventures (ASX:CXN) has announced plans to form a JV in China with Chinese data centre operator Global Data Solutions (GDS).

Under the terms of the JV agreement, Connxion and GDS will form GDS-CXN Data Services. The JV's services will combine infrastructure from GDS and data and transaction services from Connxion.

Connxion will invest up to $2.5 million in the business and establish a JV office and team in Beijing.

Connxion CEO Bill Brooks said the venture is a “high risk and high return opportunity” for his company.

“We are in the fortunate position of being able to utilise the data centre infrastructure from a network of nine T4 [rated] data centres,” he said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Data CentreConnxionjoint ventureBill Brooks

Show Comments