ST Telemedia, StarHub partner for MediaHub
July 23, 2015
ST Telemedia and StarHub have announced a strategic joint venture partnership where ST Telemedia, through its wholly owned subsidiary, STT, will make an investment of approximately $36.9 million for a 70 per cent stake in Shine Systems Assets (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.
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 StarHub’s 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 company’s rapidly expanding global data centre footprint.