Defence renews storage deal with Global Switch, years after Government vowed to ditch Chinese-owned firm
The Australian Defence Department has quietly extended a contract with a Chinese-owned company to continue storing data in its Sydney facilities, despite a push to end the arrangement by 2020.
Key points:
- Global Switch has held sensitive military files for 10 years
- However, there were concerns when a Chinese owned company purchased 49 per cent of the business
- A deal between the Government and Global Switch was expected to end last year
For a decade sensitive military files have been stored by Global Switch, but concerns were raised four years ago when a Chinese consortium bought half of its British parent company.
The ownership of Global Switch changed in December 2016 when the London-based parent company, Aldersgate Investments, accepted $4 billion in cash for a 49 per cent stake from Chinese consortium Elegant Jubilee.
Full Story: https://www.abc.net.au/news/2021-02-16/global-switch-deal-defence-data-security-files
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