Nov 15, 2004 : CyberNet Group Buys Ayala Data Center

📅 November 15, 2004 - Busines process outsourcing Firm the CyberNet Group (cybernet-usa.com) announced this week that it had acquired a 60 percent controlling interest in the AyalaPort Makati data center in the Philippines, taking over management of the facility, and renaming it CNG Global Data Hub.

The Ayala Group retained a 30 percent minority share in the facility, of which 10 percent is owned by independent shareholder Internet Inititative Japan.
Privately owned CNG did not disclose the exact details of the transaction. The new management said there would be no dramatic changes in the way the data center is managed
The company said it had originally looked at properties in Australia and China, but finally settled on AyalaPort in the Philippines. CNG says the location can serve as the base for the company's expansion in the Asia Pacific region.

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