Turbidite Announces Development of Turbidite Guam
Joint venture with *Citadel Pacific Ltd. to deploy a state-of-the-art Tier III+ IDC in Guam to serve as a central IX for inbound cables destined for Asia.
HONG KONG, 8 March 2021 – Turbidite, Asia’s newest pan-Asian edge data center platform, today announced the Turbidite Guam development project, a joint venture with *Citadel Pacifc Ltd. This marks the first in a series of key initiatives by Turbidite as the company continues to progressively roll out edge data centers in strategic locations across Asia Pacific.
“Over the past year, there has been an increase in connectivity requirements through Guam, which is the lowest latency point of US soil to the growing economies of Asia Pacific,” said Bill Barney, Chief Executive Officer of Turbidite. “Increasingly, tech companies are looking for highly connected and secure carrier-neutral data centers to store their edge nodes. Turbidite Guam will build a central IX for inbound cables destined for Asia.”
“We’ve reached an inflection point in the development of frontier interconnection markets,” said Jon Hjembo, Director of Data Center Research, Telegeography. “Across Asia Pacific, booming demand for lower latency access to content now coincides with increasing geopolitical concerns about over-reliance on traditional hubs. As international operators look toward the network frontier, the race is on to build distributed and intermeshed interconnection nodes across the region.”
“We forecast the demand on the Trans-Pacific route will increase 8-fold between 2021 and 2027. To meet these requirements, numerous new cable systems are being planned,” Hjembo added.
“We look forward to teaming up with Turbidite to build this long-awaited new facility in Guam,” said Jim Beighley, CEO of *Citadel Pacific Ltd. “Upon completion, Turbidite Guam will be a main anchor point to release the bottleneck we are currently experiencing in this market, enabling us to provide added value to our existing and prospective customers.”
Design and planning are underway to build a state-of-the-art 3 MW Tier III+ data center with future expansion to 10 MW capacity. The new facility, will feature open Meet-Me rooms with fiber-on-demand to all current and future cable landing stations in Guam. Turbidite Guam will provide comprehensive value-added services, to support multinational corporations, large Internet companies and other hyperscalers who wish to establish or enhance footprints in the Asia Pacific region. The new facility is expected to be operational in 2022.
Turbidite launched on 3 March 2021, with focus on the development of a wide network of international-standard edge data centers across multiple Asia Pacific countries. Founded by industry veterans Bill Barney and Wilfred Kwan, Turbidite is backed by New World Development, a leading Hong Kong and China property conglomerate.
Citadel Pacific Ltd. (CPL) is a diversified private holding company with operations in the Philippines, the Republic of Palau, the Commonwealth of the Northern Mariana Islands, and the US Territory of Guam. Its holdings range from controlling stakes in companies engaged in telecommunications (IT&E- Guam and the CNMI), retail, petroleum and gas distribution, commercial, and industrial property, in-flight catering, and manpower services. CPL is owned by the Delgado family of the Philippines and by the Ontario Teachers’ Pension Plan of Canada, one of the largest and most successful pension plans in the world, with assets over $160B USD. Through the years, the company has grown through acquisitions, organic growth, and the combination of both. Its core assets, managed by various senior executive teams with intensive industry expertise, have all exhibited strong growth in the last decade.
*Subsequent to the original announcement on 8 March 2021, Citadel Pacific Ltd. elected to invest directly rather than through its IT&E subsidiary.