Dr Peng Telecom & Media Group allies with Vienna Insurance-backed firm

03 June 2020 - 12:00 am UTC

China’s Dr Peng Telecom & Media Group is looking to develop new data centres with additional funding from domestic and foreign institutional investors. 

The company, the largest private-sector broadband services provider in China, said it has reached a deal with private equity firm Jinquan Yuanhe Investment Management to co-invest more than CNY 20bn (USD 281m) in data centres and other digital infrastructure, according to a statement sent by Dr Peng to Inframation. 

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