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True unit eyes JV to set up new data hub

True Internet Data Centre aims to grow revenue by 15 per cent this year to Bt450 million.

With the high growth in data services, the company is in talks with an international data centre on a joint venture, said Jenawit Kraprayoon, general manager of True IDC.

"We are talking with an international partner on investing in a new data centre in the Eastern Seaboard, which is expected to serve the demand of corporate organisations nationwide," he said.

He declined to elaborate on the total investment since the project is waiting for approval from the Board of Investment on tax privileges. The project is expected to be announced by the second half of the year.

The new site is to be located in the Eastern region since there is little risk of political mobs or disasters such as floods or earthquake zones. Currently both of the company's data centres are in Bangkok.

Jenawit said the company was seeking more corporate customers nationwide. Currently it has around 400.

Last year True IDC brought in Bt390 million in revenue and profit of Bt50 million, up 20 per cent from 2012. This year it expects profit of Bt80 million from Bt450 million revenue.

The total market value of co-location services, which is the main part of data-centre services in Thailand, was Bt2 billion last year and is expected to grow by around 15 per cent this year. True IDC targets market share of about 20 per cent.

The other services are cloud computing, disaster recovery, and high-definition videoconferencing.


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