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The Bamboo Works

VNET Slashes Expansion Plans as Private Equity Buyout Remains in Play

VNET Citigroup GDS China

Key Takeaways:

VNET has slashed its plans for new cabinet installations this year by 30% and lowered its revenue outlook by a more modest 2.6%
The company has hired Citigroup to advise it on a buyout offer led by Hina Group from April this year

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One subscription that gives you access to news from hundreds of sites

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Hurricane Isaias live updates: airports close in Alabama and Florida as category 3 storm nears Gulf coast

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