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ITC Properties Partners with China Unicom on AI Infrastructure

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ITC Properties (HKG:0199) signed a memorandum of understanding with China Unicom (Hong Kong) (HKG:0762) to explore cooperation in artificial intelligence computing infrastructure and related businesses in Hong Kong, according to a Friday bourse filing.

The companies plan to collaborate on data center resources, AI computing services, and market development opportunities in Hong Kong.

China Unicom Hong Kong intends to provide at least 2 megawatts of data center capacity within three months and a further 4 megawatts within six to nine months, subject to definitive agreements.

The cooperation framework also covers potential participation in China Unicom Hong Kong's new data center project in Fanling, where ITC intends to secure about 8 to 10 megawatts of capacity for sublease to customers.

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