「英中对照」多重制约因素延缓亚太地区数据中心建设扩张热潮

Asia-Pacific's hectic data center rollout has hit a series of speed bumps. The most dramatic by far was the collapse Friday of Australian-based Firmus’ planned AU$7.1 billion (US$4.97 billion) IPO, which had been expected to be the biggest ASX debut since Telstra’s 1997 IPO.亚太地区如火如荼的数据中心扩张遭遇了一系列障碍。迄今为止最具戏剧性的是，总部位于澳大利亚的 Firmus 规模 71 亿澳元（49.7 亿美元）的 IPO 于周五搁浅；该上市原本预计会成为 Telstra 1997 年 IPO 以来 ASX 规模最大的新股上市。

Firmus, a neocloud company whose shareholders include Blackstone, Jane Street and Nvidia, withdrew its ASX listing application Friday and said it would seek up to $3 billion through private fund-raising, the Financial Times has reported.Firmus 是一家新型云公司，股东包括 Blackstone、Jane Street 和 Nvidia。该公司周五撤回了 ASX 上市申请，并表示将通过私募融资募集至多 30 亿美元，《金融时报》报道。

It had struggled to win market support at its target price of around AU$11 ($7.67), but even after it offered to cut the price, investors did not have the appetite.该公司此前难以在约 11 澳元（7.67 美元）的目标价位获得市场支持，但即便提出降价，投资者仍没有认购意愿。

Trading in Maas Group, one of Firmus' shareholders, was halted Friday after the stock dropped 27% in two days. Maas Group has a 3.2% stake in the company as well as outstanding contracts with Firmus worth AU$727 million ($507 million).Firmus 的股东之一 Maas Group 股价在两日内下跌 27%，其股票于周五停牌。Maas Group 持有该公司 3.2% 的股份，并与 Firmus 有价值 7.27 亿澳元（5.07 亿美元）的未结合同。

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Two days earlier, Firmus had been dumped by CDC Data Centers from their joint AI infrastructure project in Australia after CDC had become troubled by Firmus’ southeast Asian expansion, which had not been a part of the original partnership.两天前，Firmus 被 CDC Data Centers 从双方位于澳大利亚的 AI 基础设施联合项目中剔除，原因是 CDC 对 Firmus 的东南亚扩张感到不安，而该扩张并非原合作内容的一部分。

PLDT delays IPO to 2027PLDT 将 IPO 推迟至 2027 年

Firmus' wasn't the only IPO to go south this week. Philippine telco PLDT put its data center REIT listing on hold until 2027, blaming the decision on higher interest rates. The REIT, Vitro, was expected to generate as much as 24.2 billion Philippine pesos (US$385.1 million) on the Manila bourse.本周受挫的 IPO 并非只有 Firmus。菲律宾电信公司 PLDT 将其数据中心 REIT 的上市计划推迟至 2027 年，并称该决定源于利率上升。名为 Vitro 的 REIT 此前预计在马尼拉证券交易所募集至多 242 亿菲律宾比索（US$385.1 million）。

PLDT said in an exchange filing it had decided to delay the IPO until 2027 due to "current market conditions and rising interest rates." But it said it was committed to the IPO as an important part of its asset monetization and deleveraging plans.PLDT 在一份交易所备案文件中表示，由于“当前市场状况和不断上升的利率”，公司已决定将 IPO 推迟至 2027 年。但该公司表示，仍致力于推进该 IPO，将其作为资产货币化和去杠杆计划的重要组成部分。

The Philippines' central bank last month hiked interest rates by 25 basis points and is widely expected to announce two more rate rises by the year's end.菲律宾央行上月加息 25 个基点，且 市场普遍预计其在年底前还会宣布两次加息。

Southeast Asian governments have also been forced to press pause on the AI boom. Last week, Indonesia's West Java province halted a 640MW project by Singapore–based BDX, claiming it had not received key approvals, including an environmental assessment.东南亚各国政府也被迫为 AI 热潮按下暂停键。上周，印度尼西亚西爪哇省 叫停了总部位于新加坡的 BDX 的一个 640MW 项目，称该项目未获得包括环境评估在内的关键审批。

A month ago, Thailand suspended 166 data center projects – of which 49 were under construction and 117 awaited approval – to allow government committees to write new industry rules that would set standards and maximize the economic benefit to Thailand.一个月前，泰国暂停了 166 个数据中心项目——其中 49 个在建、117 个待批——以便政府委员会制定新的行业规则，确立标准，并为泰国实现最大经济效益。

In Malaysia, the center of Asia's data center boom, officials are anxious about soaring the new digital infrastructure's power consumption. Electricity demand growth has gone from 1.5%-2% annually to nearly 10% due to data centers, Siti Safinah Salleh, head of the Malaysian Energy Commission, is reported to have said.在亚洲数据中心热潮的中心马来西亚，官员们对新型数字基础设施耗电量的飙升感到担忧。马来西亚能源委员会主席 Siti Safinah Salleh 据报道曾表示，受数据中心影响，电力需求年增速已从 1.5%-2% 升至近 10%。

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Salleh warned that recovering energy costs from data center operators is difficult because many are on short-term contracts and have refused to make long-term commitments.Salleh 警告称，要从数据中心运营商收回能源成本十分困难，因为许多运营商签订的是短期合同，且拒绝作出长期承诺。

This article was originally published on Light Reading.本文最初发表于 Light Reading。

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Contributing Editor, Light ReadingLight Reading 特约编辑

Robert Clark is a Contributing Editor at Light Reading.Robert Clark 是 Light Reading 的特约编辑。