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Startup Bets $1.7 Billion on Becoming Asia’s Digital Landlord

  • AirTrunk plans to start with data centers in Australia
  • Expansion into Hong Kong, Singapore to come in future
relates to Startup Bets $1.7 Billion on Becoming Asia’s Digital Landlord
Photographer: Getty Images

A Singaporean startup is betting $1.7 billion on becoming the digital landlord for tech giants building cloud services across Asia and Australia.

AirTrunk Pte plans to build data centers in Australia’s biggest cities of Sydney and Melbourne, with an anchor tenant already signed up as it targets undercutting rivals with lower prices. In the coming months it will sign deals to expand into Singapore and Hong Kong.