ST Telemedia and StarHub Enter Partnership to Develop MediaHub
22/07/2015
Partnership will help StarHub lower capital expenditure
Singapore, 22 July 2015 - ST Telemedia and StarHub today announced a strategic joint venture partnership where ST Telemedia, through its wholly owned subsidiary, STT GDC Pte Ltd (STT GDC), will make an investment of approximately S$36.9 million for a 70 per cent stake in Shine Systems Assets Pte. Ltd. (SSAPL), which holds MediaHub. StarHub will own the remaining 30 per cent stake in SSAPL. Prior to this partnership, SSAPL was wholly owned by StarHub.
Both ST Telemedia and StarHub are committed to further their investments to build and develop MediaHub into a state-of-the-art facility. MediaHub is being constructed with the intended use as a highly specialised telecommunications, media and data centre facility with media headend, central office and innovations centre. MediaHub will be StarHub's convergence hub for its fixed, mobile and pay TV networks. There is significant synergy in its location at Mediapolis@one-north where the Singapore government intended the country's first digital media hub to be, and where emerging media technologies, content, services and applications will be developed, produced, financed and distributed to the world.
Under the partnership, the facility will be managed and operated by the STT GDC-led JV as a carrier-neutral and highly secure Tier 3 data centre facility which will achieve the BCA Green Mark GoldPlus certification for Data Centres. StarHub will sub-lease space of not less than 65 per cent of the total gross floor area of the facility. Its media headend, social analytics lab and adaptive production studio will be housed there. With the synergy between ST Telemedia's global presence and StarHubs extensive facilities management experience, MediaHub will have the advantage of attracting customers in Singapore and beyond.
MediaHub is the second data centre asset in Singapore for ST Telemedia and the latest addition to the companys rapidly expanding global data centre footprint. In the last 12 months, ST Telemedia has swiftly established a strong presence in major data centre hubs in Asia and Europe. Last month, ST Telemedia completed its investment into UKs fastest growing data centre provider, VIRTUS Data Centres, giving it a vital foothold in London, a key global tier-one data centre market. In March this year, ST Telemedia announced its acquisition of land at Defu Lane to develop its flagship data centre in Singapore and unveiled its intention to develop a unique data centre business globally.
Commenting on the transaction, Mr Sio Tat Hiang, Executive Director of ST Telemedia, said: "ST Telemedia is delighted to be teaming with StarHub to develop a state-of-the-art media and data centre facility. We believe that this partnership will bring enormous benefits to stakeholders of both companies. The collaboration will provide StarHub with greater financial flexibility for fund deployment and value enhancement but more importantly the ability to offer its customers a broader offering in this space within Singapore and beyond. It will also allow ST Telemedia to expand its Singapore data centre footprint in addition to our previously announced Singapore flagship asset."
"MediaHub will leverage on ST Telemedias deep data centre expertise and global connectivity through the Groups data centre assets around the world, to accelerate its time-to-market. ST Telemedia is firmly committed to continuing our data centre expansion to meet the growing demand for premium data centre services in this region and globally," he added.
Mr Tan Tong Hai, Chief Executive Officer of StarHub, said: MediaHub will be a key facility for StarHub. It will not only house advanced telecommunications and broadcasting facilities such as a leading edge headend, but will also be the centre for our innovations and equip StarHub to harness the latest digital media and info-communications technologies to benefit both our commercial and residential customers in the long run.
He added: This partnership with ST Telemedia will significantly reduce our CAPEX commitment as we will own only 30 per cent of MediaHub. As we have paid for the land and made some progressive payments for the construction, this transaction is not expected to have a material impact on StarHub's financials for 2015.
- End -
LINK: | http://www.starhub.com/about-us/newsroom/2015/july/st-telemedia-and-st... |
See more stories from starhub |
Asia, Australia & Oceanic Stories
24/04/2024
Screen Australia celebrates Australian projects bound for Cannes Film Festival 2024
24 04 2024 - Media release Screen Australia celebrates Australian projects bound...
23/04/2024
Social entrepreneur Hedayat Osyan wins Les Murray Award for Refugee Recognition
Social entrepreneur Hedayat Osyan wins Les Murray Award for Refugee Recognition 23 April, 2024 Media releases The prestigious award is now in its third yea...
22/04/2024
SBS marks Earth Day with Australian TV milestone as The Cook Up with Adam Liaw becomes first show to measure its carbon footprint
SBS marks Earth Day with Australian TV milestone as The Cook Up with Adam Liaw b...
18/04/2024
Alone Australia goes from strength to strength
Alone Australia goes from strength to strength 18 April, 2024 Media releases The program again delivers for SBS with significant uplifts in digital BVOD vi...
18/04/2024
Screen Australia and Dynamic Television announce new Scripted Initiative
18 04 2024 - Media release Screen Australia and Dynamic Television announce new Scripted Initiative Savage River Screen Australia and Los Angeles-based telev...
16/04/2024
ABS Agility Beyond Space announces Appointment of Mark Rigolle as its Chief Executive Officer (CEO)
ABS Agility Beyond Space announces Appointment of Mark Rigolle as its Chief Ex...
11/04/2024
Alone Australia Ep 2 reaches over 1m Australians
Alone Australia Ep 2 reaches over 1m Australians 11 April, 2024 Media releases The program continues to consistently grow week-on-week in linear audience w...
11/04/2024
Screen Australia and Meta launch fourth year of First Nations Creators Program for Instagram
11 04 2024 - Media release Screen Australia and Meta launch fourth year of First...
10/04/2024
Screen Australia announces over $2.3 million for nine documentaries
10 04 2024 - Media release Screen Australia announces over $2.3 million for nine documentaries Guardians of the River Screen Australia has announced nine doc...
09/04/2024
Groundbreaking NITV documentary series Our Law expands across Australia from Thursday 9 May
Groundbreaking NITV documentary series Our Law expands across Australia from Thu...
09/04/2024
Psst; inflo transcribes with Whisper
Techtel, the creators of inflo, today announced that a new speech to text transcription engine from openai called Whisper, is available to inflo customers who a...
04/04/2024
Manu Feildel, Miranda Otto and Pat Rafter join life-changing new season of Who Do You Think You Are?
Manu Feildel, Miranda Otto and Pat Rafter join life-changing new season of Who D...
04/04/2024
Alone Australia season 2 continues to redefine Australian TV viewing through on-demand digital consumption
Alone Australia season 2 continues to redefine Australian TV viewing through on-...
27/03/2024
Living Black, the longest-running Indigenous current affairs television program in Australia, returns for its 21st year with new guests
Living Black, the longest-running Indigenous current affairs television program ...
26/03/2024
Crime is relative in SBS's new Canneseries nominated crime-family dramawith a difference
Crime is relative in SBS's new Canneseries nominated crime-family drama with...
25/03/2024
SBS gears up for Season 2 of Alone Australia with the creation of Alone Cologne'
SBS gears up for Season 2 of Alone Australia with the creation of Alone Cologne...
22/03/2024
SBS Learn partners with the Islamic Museum of Australia to support classrooms in understanding Ramadan and Eid with new teacher resource
SBS Learn partners with the Islamic Museum of Australia to support classrooms in...
21/03/2024
Screen Australia announces over $1.6 million in support of the games industry
21 03 2024 - Media release Screen Australia announces over $1.6 million in support of the games industry Which Way Up: Galaxy Games Screen Australia has anno...
18/03/2024
Screen Australia and VicScreen launch new Screen Careers initiative
18 03 2024 - Media release Screen Australia and VicScreen launch new Screen Careers initiative LTR Denise Eriksen, Esther Coleman Hawkins, Caroline Pitcher, K...
15/03/2024
The Creators 2024 Participants Announced
15 03 2024 - Media release The Creators 2024 Participants Announced The Creators program recipients. L-R Thomas Duncan-Watt, Vanessa Gazy, Sarah Lambert, Lea...
14/03/2024
SBS to mark Ramadan and Eid al-Fitr with all Australians
SBS to mark Ramadan and Eid al-Fitr with all Australians 14 March, 2024 Media releases Content in 22 languages*, a collection of movies to stream free on d...
14/03/2024
Notice of Nominees for Directors (Resolution planned, June 19, 2024)
March 14,2024 -- KDDI Corporation KDDI Corporation resolved at a meeting of the Board of Directors held today to change (newly appointed, retire) a director ...
13/03/2024
Screen Australia announces dramas Critical Incident and Sunny Nights for Stan
13 03 2024 - Media release Screen Australia announces dramas Critical Incident and Sunny Nights for Stan Critical Incident: Akshay Khanna and Zoe Boe. Photo c...
07/03/2024
Explore the afterlife with SBS podcast Grave Matters'
Explore the afterlife with SBS podcast Grave Matters' 6 March, 2024 Media releases Most of us are woefully unprepared for one of life's few certai...
06/03/2024
Multi-award winning electronic music duo to represent Australia at this year's Eurovision Song Contest in Malm, Sweden
Multi-award winning electronic music duo to represent Australia at this year'...
06/03/2024
GITAI and KDDI Successfully Demonstrates Robotics Construction Capabilities for Lunar Communications Towers
Developing Lunar 3GPP Mobile Network Technologies for Moon Exploration GITA...
04/03/2024
SBS announces new development fund to discover Australia's biggest and riskiest new factual hit
SBS announces new development fund to discover Australia's biggest and riski...
28/02/2024
Yumi Stynes returns for season two of SBS podcast SEEN'
Yumi Stynes returns for season two of SBS podcast SEEN' 26 February, 2024 Media releases Eight new trailblazers join feminist Australian icon Yumi Sty...
28/02/2024
Screen Australia announces over $810,000 in development funding for 29 projects
28 02 2024 - Media release Screen Australia announces over $810,000 in development funding for 29 projects Willy Screen Australia has announced 23 feature fi...
27/02/2024
Michael Ebeid AM appointed as new Screen Australia Chair
27 02 2024 - Media release Michael Ebeid AM appointed as new Screen Australia Chair Michael Ebeid AM and Megan Brownlow The Hon. Minister for the Arts, Tony...
26/02/2024
KDDI, Sony Honda Mobility Start Collaboration to Drive Connected Businesses Globally
Supporting AFEELAs entertainment experience and global launch with a communicati...
21/02/2024
Screen Australia and Australians in Film Announce Applications Open for UNTAPPED 2024
21 02 2024 - Media release Screen Australia and Australians in Film Announce App...
21/02/2024
Sony and KDDI Accelerate Efforts to Promote Digital Transformation in the Broadcasting and Media Industries
Aiming to deliver new video-related solutions utilizing 5G SA this year Son...
21/02/2024
KDDI Teams Up with Kyoto Sanga F.C. to Start Demonstration Test for Fan Engagement Services with Smartphone Game
Support the team with gifts while enjoying AR games in the stadium KDDI COR...
21/02/2024
U and Google's Gemini model to Provide Generative AI Services for Everyday Use
KDDI CORPORATION February 21,2024 -- Tokyo, February 21, 2024 From February 2...
20/02/2024
The Approval of SORACOM's Listing on the Tokyo Stock Exchange Growth Market
KDDI CORPORATION February 20,2024 -- KDDI announces that its consolidated subsidiary, SORACOM, INC. (Headquarters: Minato-ku, Tokyo, CEO: Ken Tamagawa, herei...
15/02/2024
Alone Australia Season 2 Returns 27 March | Meet the Cast
Alone Australia Season 2 Returns 27 March | Meet the Cast 15 February, 2024 Media releases Smash hit series Alone Australia returns Wednesday 27 March on S...
15/02/2024
NITV's flagship footy show Over the Black Dot returns Tuesday 5 March, live and in high definition
NITV's flagship footy show Over the Black Dot returns Tuesday 5 March, live ...
15/02/2024
Screen Australia announces over $560,000 for crew and gamemaker skills programs
15 02 2024 - Media release Screen Australia announces over $560,000 for crew and gamemaker skills programs Liz Keogh Palmer (Australian Production Design Guil...
13/02/2024
2024 is a landmark year for SBS's award-winning current affairs line-up, covering the most impactful local and global stories
2024 is a landmark year for SBS's award-winning current affairs line-up, cov...
13/02/2024
Six Australian projects bound for South by Southwest Festival in the US
22 01 2024 - Media release Six Australian projects bound for South by Southwest Festival in the US Audrey, Birdeater, The Moogai Six Australian screen projec...
12/02/2024
Screen Australia and YouTube Australia Launch Skip Ahead 9
12 02 2024 - Media release Screen Australia and YouTube Australia Launch Skip Ahead 9 Uncovering Street Dance: Australia from Skip Ahead 8. Photographed by Ry...
08/02/2024
Screen Australia and ABC announce Bay of Fires is back for season two
08 02 2024 - Media release Screen Australia and ABC announce Bay of Fires is back for season two Marta Dusseldorp as Stella in Bay of Fires ABC, Screen Austr...
07/02/2024
4 in 10 Australians battling sleep issues as nation's sleep crisis grows
4 in 10 Australians battling sleep issues as nation's sleep crisis grows 7 February, 2024 Media releases Dr Michael Mosley and the sleep scientists fro...
06/02/2024
Six screen creatives selected for the 2024 SBS Emerging Writers' Incubator initiative
Six screen creatives selected for the 2024 SBS Emerging Writers' Incubator i...
02/02/2024
SBS Scripted TV Lunch sessions return for another year of connecting with creatives
SBS Scripted TV Lunch sessions return for another year of connecting with creati...
02/02/2024
Financial Results for the Third Quarter of the Fiscal Year Ending March 2024
February 2,2024 -- KDDI Corporation KDDI announced the financial results for the third quarter of the fiscal year ending March 2024. Summary In the third q...
31/01/2024
Filming Begins on SBS' Romantic Original Drama Four Years Later' in India
Filming Begins on SBS' Romantic Original Drama Four Years Later' in Ind...
30/01/2024
A stellar 2024 for SBS podcasts kicks off with The SBS Book Club' and Humans of the Australian Deaf Community'
A stellar 2024 for SBS podcasts kicks off with The SBS Book Club' and Huma...