The Chinese owners of Global Switch Holdings are mulling a potential sale that could value the data center operator at £8 billion ($11 billion), people with knowledge of the matter told Bloomberg.
Global Switch is a major owner, operator and developer of large-scale network dense, carrier and cloud-neutral multi-tenanted data centers in Europe and Asia Pacific. According to Bloomberg, Global Switch is working with advisers to solicit interest from prospective buyers. Deliberations of the sale are in the early stages and may not result in any deal at all.
The business is currently controlled by Chinese steelmaker Jiangsu Shagang Group Co. and is backed by Avic Trust Co.