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. Demand for cloud computing is surging as businesses that once ran their technology in-house shift processing power off-site so it can be accessed through the Internet. AirTrunk predicts the Asia Pacific market for data center capacity will...
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