Digital United Secures $45 Million Funding for Asia Expansion

Strategic Insights -

Digital United, the operator of Taiwan's second-largest internet access provider SeedNet, has received a significant funding boost to expand its services in Greater China and elsewhere in Asia. The $45 million investment comes from Asia Global Crossing, a regional fiber network joint venture between Global Crossing, Softbank, and Microsoft Corp., as well as four Taiwan-based cable TV operators and other local investors. This funding will enable Digital United to expand its international bandwidth, add more data centers for its large Web hosting business, and roll out a cable internet access service.

Key Takeaways:

  • Digital United, the operator of SeedNet, has secured a $45 million funding boost from various investors to expand its services in Greater China and Asia.
  • Asia Global Crossing, a regional fiber network joint venture, contributed approximately $25 million for a 4 percent stake in Digital United.
  • The investment will enable Digital United to build on its international bandwidth, add more data centers, and roll out a cable internet access service.
  • The company plans to utilize the funding to complement its dial-up internet and digital subscriber line broadband services.
  • SeedNet is Taiwan's largest Web hosting company by the number of sites and servers.
  • Digital United will leverage the expertise and infrastructure of its new partners to expand its services in the region.
  • The company's new fiber network will connect Asian countries, including Korea, Hong Kong, Singapore, and Japan, with Pacific Crossing-1, a trans-Pacific cable.

Statistics:

  • $45 million: The total funding received by Digital United from various investors.
  • 4 percent: The stake acquired by Asia Global Crossing in Digital United for its $25 million investment.
  • $25 million: The amount invested by Asia Global Crossing in Digital United.
  • $8 million: The amount invested by four Taiwan-based cable TV operators in Digital United.
  • 1 percent: The total stake acquired by the Taiwan-based cable TV operators in Digital United.
  • $12 million: The combined investment made by Taicom Capital Limited and United Telecommunication Inc. in Digital United.

Sources:

  • Newsbytes.com, "Digital United Secures $45 Million for Asia Expansion" (20000622/WIRES ASIA, ONLINE/)