SM Investments to exit data center business

Conglomerate SM Investments Corp. of the Sy family is planning to exit the data center business, citing high power cost in the country as a major concern.

- By Richmond Mercurio

"Right now, we are not really focused on data centers because from our perspective, the power cost is very expensive and the small minority we have in the data center business we'll probably sell that eventually," SM Investments president and chief executive officer Frederic DyBuncio said.

YCO Global Cloud Centers Holdings Inc. is currently part of the portfolio investments of SM Investments.

YCO is a digital infrastructure company developing sustainably built, carrier-neutral and green-field data centers.