Data Center News

Global Switch confirms search for co-investor

Sydney

Global Switch recently announced that the sale of its Sydney data center business to HMC Capital had closed, and has officially confirmed previous reports it was seeking external investment for its London campus.“As part of its financing strategy to drive future growth, Global Switch has also ...

Samsung’s advanced chip packaging VP Lin Jun-Cheng resigns

Samsung Electronics’ VP for advanced packaging technology has left the company. Lin Jun-Cheng also confirmed his resignation, posting on LinkedIn that he was leaving “due to the end of my two-year contract.” Jun-Cheng joined the company in March 2023 having previously worked at TSMC for almost...

Phoenix to clamp down on data centers

Phoenix

The city of Phoenix in Arizona is set to clamp down on data centers. The City Council has approved a series of changes to better regulate data center growth in the city, including regulating locations and external design specifications.The vote, which took place on December 10, targeted standa...

Digital Core REIT seeks new tenant for Virginia data center

Virginia

Digital Core REIT is looking for a new tenant for one of its data centers in Northern Virginia, as the current occupant of the data center, located at 8217 Linton Hall Road in Bristow, Prince William County, has decided to not exercise its option to extend its lease on the property, the proper...

Penta Infra gets pension fund PGGM

Penta Infra

 PGGM, which invests on behalf of Dutch pension fund PFZW, has acquired a 49 percent stake in the European data center provider from Photon Capital, an investor that has been involved with Penta Infra since its inception.Bob Sprengers, CEO at Penta Infra, said: "We are proud to welcome PGGM as...

Equinix partners with Dell Technologies for private AI solution

Equinix

Equinix and Dell Technologies are teaming up to offer a private AI solution that enables customers to train AI models on public and private clouds deployed on-premises. Using the Dell AI Factory with Nvidia which combines Dell PowerEdge XE9680 with Nvidia GPUs, the Nvidia Spectrum-X Ethernet p...

Cellnex completes €800m Austrian tower exit

Austria

Cellnex has completed the sale of its Austrian unit to a consortium comprised of Vauban Infrastructure Partners, EDF Invest, and MEAG for €803 million ($834m), bringing an end to Cellnex's presence in Austria after it entered the market in 2021, when it snapped up CK Hutchison's sites in the c...

TalkTalk to cut hundreds of jobs in bid to save £120m

England

 TalkTalk is set to cut hundreds of jobs as the struggling ISP looks to save £120 million ($150m), detailing the plans during an investor meeting  in December. TalkTalk has already kicked off a redundancy consultation, ahead of plans to cut around 130 jobs at its Salford consumer division.Furt...

European Commission approves Nvidia's acquisition of Run:ai

Europe

The European Commission (EC) has approved Nvidia's proposed acquisition of Run:ai. The EC gave the green light for the acquisition on December 20, noting that it had "concluded that the transaction would raise no competition concerns in the European Economic Area." The EC added that, while Nvi...

BGRIM to power data centers in Thailand

Thailand / Prathet Thai

Thai energy producer B.Grimm Power (BGRIM) plans to offer energy solutions to Thailand's growing data center sector and is currently in talks with several firms. BGRIM intends to spend between 5 billion baht ($145 million) and 7 billion baht ($203 million) to support its expansion into the dat...

Australia's NRFC invests AU$22.5m into Vault Cloud

Australia

Australia's National Reconstruction Fund Corporation (NRFC) has invested AU$22.5 million (US$14.04m) in Canberra-based Vault Cloud which will be used to deliver "additional security capabilities for its existing contracts" and to expand its offerings including artificial intelligence (AI), "De...

TPG in talks to buy Crown Castle's fiber assets

United States

TPG is in advanced talks to buy Crown Castle's fiber assets in a deal worth an estimated $8 billion. US tower operator Crown Castle has been looking to sell its fiber assets for some time, notably revealing in April that it had held talks with multiple parties over a sale.The company launched ...

Minnesota's City of Farmington sued over Tract data center build

The City of Farmington in Minneapolis, Minnesota, has been sued over the construction of a data center in the city. Councilors had approved a data center belonging to Grant van Rooyen’s Tract, by a vote of 4-1. The data center is now facing a lawsuit from the Coalition for Responsible Data Cen...

Brazilian local government passes law to support Scala's AI City data center campus

Scala Data Centers

The Brazilian city of Eldorado do Sul, in Rio Grande do Sul state, has passed legislation to allow the construction of Scala Data Centers’ AI City. The legislation will change urban zoning and streamline procedures for the operators ‘mega complex.’ The urban zoning perimeter will be expanded t...

EIB to provide €43m for two data centers in Azerbaijan

Europe

The European Investment Bank will provide €43 million ($44.71m) in loans for the development of two data centers in Azerbaijan. The funding will be used to develop two data centers for AzInTelecom LLC which will be located Absheron and Hajigabul regions.Elkhan Azizov, chairman of the board of ...

xAI raises $6 billion in a Series C funding round

United States

Elon Musk's generative AI startup xAI has raised $6 billion in a Series C funding round from investors including A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amon...

TPG Real Estate takes full control of Quantum Frederick Project

Maryland

Quantum Loophole will no longer have any "active involvement" in the Quantum Frederick Project, a 2,100-acre data center campus and fiber optic loop (QLoop) in Frederick County, Maryland. This September, TPG sought a court order to remove Quantum Loophole from its role as manager of the $5 bil...

Oregon regulators approve PacifiCorp penalties for high-load energy users

Oregon

 The Oregon Public Utility Commission has ruled in favor of a PacifiCorp proposal that would penalize large-load customers, such as data centers, whose energy use at new facilities is not in line with forecast needs. "The scale of utility procurement and stranded asset risk associated with the...

BT wins £1.3bn class action lawsuit

United Kingdom

 BT has successfully defended itself in a £1.3 billion ($1.6bn) class action lawsuit that alleged the telco overcharged millions of customers for fixed telephone lines. The case, which lasted for eight weeks and began in January, accused BT of around 3.7 million landline customers. The case ag...

Equinix to acquire BT Group's Irish data center business for €59 million

Equinix

 Equinix has agreed to acquire BT Group's Irish data center business for €59 million ($61.3m). The transaction, expected to be completed in H1 of 2025, includes two operational data centers in CityWest and Ballycoolin, Dublin. BT's decision to divest is part of a broader strategy to transition...