Read Arm might be worth up to $52 billion after its IPO
Arm might be worth up to $52 billion after its IPO
September 06, 2023

Arm might be worth up to $52 billion after its IPO

1025Connect

Arm intends to price its initial public offering (IPO) between $47 and $51 per share, which could generate up to $4.9 billion for SoftBank. The IPO would value the semiconductor designer up to $52 billion, exceeding the $32 billion SoftBank paid for in 2016 but falling short of the $64 billion...

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Read Principal buys a pair of telco-occupied facilities in Dublin, Ireland
Principal buys a pair of telco-occupied facilities in Dublin, Ireland
September 06, 2023

Principal buys a pair of telco-occupied facilities in Dublin, Ireland

Vodafone

Principal Asset Management bought two data centers located in Dublin, Ireland, that are leased. Principal European Data Centre Fund I has made its fourth and fifth investments in Europe, this time in the capital of Ireland, according to IPE Real Assets and PropertyEU. The company has acquired ...

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Read I Squared Capital's nLighten buys Proximity, a UK-based edge company
I Squared Capital's nLighten buys Proximity, a UK-based edge company
September 06, 2023

I Squared Capital's nLighten buys Proximity, a UK-based edge company

Proximity Data Centres

nLighten, a European Edge data center company, has acquired the United Kingdom's Proximity Data Centres. The agreement's terms were not disclosed. nLighten, owned by I Squared Capital, plans to retain its data center operations in the country.Proximity, founded in 2020, administers ten regiona...

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Read Nestlé sells Swiss data center to local real estate firm
Nestlé sells Swiss data center to local real estate firm
September 06, 2023

Nestlé sells Swiss data center to local real estate firm

Switzerland

The multinational food conglomerate Nestlé has sold a Swiss data center. This week, Baker McKenzie Switzerland revealed that it advised Nestlé Global Real Estate on the transfer of its data center and office property to Orllati Real Estate SA. The site at Rte de Buyère 4 in Bussigny, canton of...

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Read Meta confirms $700m Minnesota data center venture
Meta confirms $700m Minnesota data center venture
September 05, 2023

Meta confirms $700m Minnesota data center venture

Meta

Social network Meta is supporting a new Minneapolis data center project. Late last week, a Minnesota Public Utilities Commission document confirmed Meta's $700 million Minneapolis data center project. Xcel Energy announced an 'enterprise data center' project with a Fortune 100 company in Novem...

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Read Virtus to build 300MW data facility outside Berlin
Virtus to build 300MW data facility outside Berlin
September 05, 2023

Virtus to build 300MW data facility outside Berlin

VIRTUS Data Centres Ltd

Virtus Data Centers plans to construct a new 300MW campus outside Berlin in Germany. This week, the company, a division of STT GDC, announced the Wustermark Megacampus in Brandenberg, west of the capital.The first phase of the campus in the municipality of Wustermark will encompass 3.7 million...

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Read Huawei opens cloud data center in Riyadh, Saudi Arabia
Huawei opens cloud data center in Riyadh, Saudi Arabia
September 05, 2023

Huawei opens cloud data center in Riyadh, Saudi Arabia

Saudi Arabia

Huawei has announced the opening of a new cloud data center in Riyadh, Saudi Arabia. The facility will reportedly support government services in the Kingdom, allowing for AI applications and language models in Arabic. Through the move, the Chinese tech giant will grow its online service offeri...

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Read Indian real estate developer Anant Raj proposes 300MW data center footprint
Indian real estate developer Anant Raj proposes 300MW data center footprint
September 05, 2023

Indian real estate developer Anant Raj proposes 300MW data center footprint

India / Bhārata

The Indian real estate development company Anant Raj will enter the data center industry. The company announced on its social media and local publications that it will invest $1.2 billion to develop up to 300MW capacity in the county. The company has set up Anant Raj Cloud Pvt. Ltd. as a subsi...

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Read Google signs first Power Purchase Agreement (PPA) in Ireland
Google signs  first Power Purchase Agreement (PPA) in Ireland
September 05, 2023

Google signs first Power Purchase Agreement (PPA) in Ireland

Republic of Ireland

Google has announced that it has signed its first Power Purchase Agreement (PPA) in Ireland. The 14-year agreement is with Power Capital Renewable Energy for 58MW of new-to-the grid capacity from the Tullabeg Solar Farm in County Wexford.The solar project, currently under construction, spans 2...

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Read Indonesia's sovereign wealth fund collaborates with GDS for Batam data center facility
Indonesia's sovereign wealth fund collaborates with GDS for Batam data center facility
September 05, 2023

Indonesia's sovereign wealth fund collaborates with GDS for Batam data center facility

GDS Services Ltd

GDS has established a joint venture with the Indonesia Investment Authority (INA), the country's sovereign wealth fund. In order to test fuel cell power supply options for its upcoming data center in Singapore, the company is also collaborating with SK Ecoplant.This week, the Chinese data cent...

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Read Google shares plans for $600M data center in Red Oak, Texas
Google shares plans for $600M data center in Red Oak, Texas
September 05, 2023

Google shares plans for $600M data center in Red Oak, Texas

Hyperscale Data Center

Google has shared further expansion plans, with the announcement of a new $600 million data center in Red Oak, near Dallas. The new facility will become the company’s second in the state of Texas. Back in 2020, the company purchased 165 acres of land in the area, which is believed to be the lo...

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Read Bharti Airtel acquires stakes in two renewable energy projects to power data centers
Bharti Airtel acquires stakes in two renewable energy projects to power data centers
September 05, 2023

Bharti Airtel acquires stakes in two renewable energy projects to power data centers

Nxtra Data Ltd

Bharti Airtel has announced that it will purchase 23,000 Mwh (Megawatt hour) of renewable energy by the fourth quarter of FY24 to power its data center company, Nxtra. It is facilitating this by acquiring stakes in two renewable energy companies, Continuum Green India and Vibrant Energy Holdin...

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Read EdgeConneX files to build a 1 million square foot data center facility in Mesa, Arizona
EdgeConneX files to build a 1 million square foot data center facility in Mesa, Arizona
September 05, 2023

EdgeConneX files to build a 1 million square foot data center facility in Mesa, Arizona

EdgeConneX

EdgeConneX plans to establish a new data center facility in Phoenix, Arizona, to expand its presence there. According to BizJournal, the company has applied for Mesa's administrative and design reviews to construct a multi-phased campus near Elliot Road and Loop 202. EdgeConneX wants to build ...

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Read Southeast Nebraska 911 services went down after Lincoln data center fire
Southeast Nebraska 911 services went down after Lincoln data center fire
September 04, 2023

Southeast Nebraska 911 services went down after Lincoln data center fire

Nebraska

On Saturday, September 2, a fire at a data center in Lincoln, Nebraska, shut down 911 services in the state's southeast. According to reports, the data center in issue was a Windstream facility in Lincoln. A transformer shorted and exploded due to a fire in the data center, cutting power to th...

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Read CapMan Infra takes over the Danish colocation company Fuzion
CapMan Infra takes over the Danish colocation company Fuzion
September 04, 2023

CapMan Infra takes over the Danish colocation company Fuzion

Denmark

CapMan Infra has acquired the Danish data center colocation company Fuzion. This week, the transaction via the CapMan Nordic Infrastructure II fund was announced. The acquisition terms were not disclosed. Fuzion was founded in 2001 and operates out of four data centers in the Jutland region of...

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Read Vantage purchases two parcels of land in San Antonio, Texas
Vantage purchases two parcels of land in San Antonio, Texas
September 04, 2023

Vantage purchases two parcels of land in San Antonio, Texas

Vantage Data Centers

Vantage Data Centers has made its first land purchases in Texas, both in San Antonio. The San Antonio Report reads, based on public records from Bexar County, that Vantage has acquired 89 acres of land in San Antonio spread across two separate parcels.On August 9, the firm purchased 31 acres a...

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Read Michigan site of the former ADP data center is up for auction
Michigan site of the former ADP data center is up for auction
September 04, 2023

Michigan site of the former ADP data center is up for auction

Michigan

The former location of an ADP office and data center in Ann Arbor, Michigan, is up for auction. Outside of Ann Arbor, Colliers and Ten-X are selling the A2 West Technical Center in Scio Township. The auction is scheduled to begin at the midpoint of October with an opening bid of $1.6 million. ...

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Read Belgian emergency services numbers go offline after Proximus data center fire
Belgian emergency services numbers go offline after Proximus data center fire
September 01, 2023

Belgian emergency services numbers go offline after Proximus data center fire

Belgium

Last week, a fire in a data center operated by the Belgian telecommunications company Proximus temporarily disrupted phone services for contacting emergency services.Last Wednesday morning, emergency numbers 112 (firefighters and ambulances in a hazardous situation) and 101 (police) were inacc...

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Read Switch invests $772m in another Georgia facility outside Atlanta
Switch invests $772m in another Georgia facility outside Atlanta
September 01, 2023

Switch invests $772m in another Georgia facility outside Atlanta

Switch

Switch is preparing to construct a new data center facility in Bartow County, Georgia. Switch is preparing to build the "Switch KEEP 2.0 Atlanta North Campus" in Cartersville, according to the Developments of Regional Impact filings (DRI, 1-2).The 126-acre site is located in Cartersville, sout...

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Read The Guam government will construct a Tier IV data center on the island
The Guam government will construct a Tier IV data center on the island
September 01, 2023

The Guam government will construct a Tier IV data center on the island

Guam

To enhance Internet quality, the government of Guam intends to construct a solar-powered Tier IV data center on the island. In addition, it intends to construct a new government data center on the University campus. This week, the Office of the Governor revealed the Guam Five-Year Action Plan ...

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