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Singtel ( (SG:Z74) ) just unveiled an update.
Singtel’s regional data center subsidiary, Nxera DCT Pte Ltd., has secured a S$643 million green loan to develop a new 58MW data center, DC Tuas, in Singapore. The center, set to be operational by 2026, will feature advanced sustainable technologies, including next-generation liquid cooling systems, and will cater to high-intensity computing demands such as AI workloads. This development underscores Singtel’s commitment to sustainability, aiming for net-zero emissions by 2028, and represents a significant advancement in efficient digital infrastructure, potentially strengthening its market position and supporting Singapore’s economic and environmental goals.
More about Singtel
Singtel, or Singapore Telecommunications Limited, operates in the telecommunications industry and is a leading provider of data communication services. Its primary services include regional data center operations under the arm Nxera DCT Pte Ltd. The company focuses on sustainable and high-efficiency digital infrastructure, aligning with net-zero emissions goals.
YTD Price Performance: 3.03%
Average Trading Volume: 9,226
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $39.16B
See more insights into Z74 stock on TipRanks’ Stock Analysis page.
