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Singapore startup to spend $1.7B building data centers

Singapore-basedstartup AirTrunk will be allocating $1.7 billion to expand its footprint acrossAsia and Australia, Bloomberg reported July 14.

The data center provider reportedly is looking to become aleading source for tech companies establishing cloud services across theAsia-Pacific region.

AirTrunk is planning to allocate $928 million in Australiaover the next three to four years, part of which would be spent on setting updata centers in Sydney and Melbourne, the report said, citing company founderRobin Khuda.

The company reportedly plans to build facilities inSingapore and Hong Kong inthe future, with deals to be signed in the coming months.