LG Uplus to build $268m data centre for new services
LG Uplus, the South Korean telecoms operator, says it is investing more than 300 billion won (US$268 million) to build a new data centre in response to rising demand for its services.
The money on the project, said the firm, will be spent between 1 June and December 2023, giving an indication when the facility will be open for business. But the company has not confirmed the timescale of the build, its size and its exact location.
LG Uplus CEO Hwang Hyeon-sik said earlier this year that the company would be focusing on new services aimed at corporate customers, and the extra data centre capacity being planned would certainly support that move down the road.
With the edge connectivity market rapidly developing in response to enterprises wanting to process their data closer to where it is generated to get speedier results, telcos are looking at ways to increase their data management service capabilities.
LG Uplus currently operates four data centres, with three of them in the country's capital Seoul and the other in Anyang, 23km south of Seoul.
Last year, turnover from the company’s data centre business reached 228 billion won - up 16% on the previous year.
Part of LG Corporation, LG Uplus is the third-largest mobile operator in South Korea. Last month, Nokia said it would be installing equipment from its AirScale portfolio across South Korea following an agreement with LG Uplus.
Billed as the "first deployment of its kind" in South Korea, the project will see Nokia install its small cell AirScale Indoor (ASiR) systems in a range of indoor locations including shopping malls and office buildings - in a move to bolster LG Uplus' 5G coverage.