News

KT Corp of South Korea has acquired Epsilon Telecommunications for KRW 170 billion ($145 million). Epsilon Telecommunications has its headquarters in Singapore, and it offers peering, cloud on-ramp, networking, and routing services. It also operates three data centers across Singapore, the ...

Strategic Capital Fund Management is setting up Strategic Datasphere, LLC, a $1.5 billion data center investment platform. The investment firm said Strategic Datasphere would focus on acquiring, developing, and managing data center facilities across Europe and the US. It will also focus on sal...

DXN has completed the acquisition of a data center in Darwin. It also formed a partnership with Singapore-based data center firm, DC Alliance. DXN currently operates two data centers in Sydney and Hobart, respectively. Earlier in the week, it acquired the Secure Data Centre in Darwin for AU...

A Virginia Beach City data center construction project is facing delays after design enhancements have postponed plans by several months. These plans include relocating the Virginia Beach Municipal Center's data center to the building’s third floor will now be delayed by seven months. First re...

Techno Electric & Engineering Company (TEECL) has announced big plans for investment across India. The Indian power infrastructure firm is reportedly planning to invest $1 billion (Rs 7,310 crore) in developing data centers in Mumbai, Hyderabad, Pune, National Capital Area (NCR) Chennai, a...

Reports are circulating that President Volodymyr Zelensky is seeking to attract hyperscalers into Ukraine, following Zelensky meeting with Apple CEO Tim Cook regarding the tech giant’s expansion into the country. However, the president’s plans to expand Ukraine’s data center footprint appear t...

NorthC has announced that Nokia provided an IP over a fiber network to link its 10 data centers in the Netherlands to offer one virtual facility to all its customers. NorthC is the biggest native colocation provider in the Netherlands, and it would be using Nokia’s Region Connect Ring to su...

Vertiv is acquiring E&I Engineering Group, maker of busway, switchgear, and modular power solutions, for $2 billion. Vertiv announced that it would pay $1.8 billion upfront, which will consist of $630 million in stock and $1.17 billion in cash. There’s also a potential of $200 million c...

Underwater data centers are increasingly being looked to solve the industry’s sustainability issue. Submerging data centers underwater is reportedly more energy-efficient, addresses space scarcity, and sees facilities encounter fewer failures. Now, authorities in China are planning to invest ...

Ireland's data center boom shows no signs of slowing, as Vantage Data Centers signs an application to build its first two data centers in the country, just outside of Dublin. Its initial application outlines plans for two facilities with a gross floor area of 40,589 sqm on an 8.7-hectare plot....

Russian telco Rostelecom has announced the signing of a new data center deal with Russian gold mining company Petropavlovsk and Russian Post. Rostelecom signed a five-year contract worth RUB13.5 billion ($184.3 million) with Russian Post to provide IT services. The agreement will see Rostel...

Lendlease has selected Google Cloud as its primary cloud provider. Aside from that, it is also planning to exit all of its on-premises data centers by 2022. The news comes as a shock since it has a $1 billion data center fund and is in the process of developing a $600 million hyperscale fac...

CyrusOne's commitment was recently recognized by The Environment + Energy Leader Awards program, which awarded the company with the Top Project of the Year Award. The program highlights products and services that provide companies with environmental and energy benefits. CyrusOne secured the a...

Lumen Technologies, formerly known as CenturyLink, has agreed to pay $275,000 to resolve a Civil Contempt Claim by the Department of Justice for its acquisition of Level 3 Communications Inc in 2016. The Justice Department accused Lumen (formerly CenturyLink) of violating the terms designed...

One of the biggest telcos in the Philippines, PLDT, is considering selling its data centers for approximately $500 million. PLDT has a total of ten data centers with a combined capacity of 72MW. Bloomberg reports that the Company is taking advice on a deal to sell these facilities potentially....

Africa Data Centres has announced its plans to spend $500 million building 10 data centers across the African continent in two years. It hopes to double its data center footprint with this investment. Morocco, Tunisia, and Egypt are some of the countries it plans to invest in. The Company r...

Keppel Data Center REIT has acquired a data center in the Netherlands. The data center firm acquired 100% of the property, which has two data center buildings in De Hurk business Park, Eindhoven. Keppel paid €37.2 million ($44.1m) to a fund affiliated with MCAP Global Finance (UK) for the p...

Verne Global, which operates a 100% renewable powered data center campus in Iceland, has been acquired by Digital 9, following an investment of £231m (€271m).The purchase of the 40-acre, 24MW campus, is a first for Digital 9, being the only deal to involve a data center operator to date. Acco...

China's data center market has seen incredible growth over the last few years. Back in 2019, the market was valued at USD 13.01 billion but is forecast to reach a value of USD 36.18 billion by 2025. It is also registering a CAGR of 19.2% from 2020 to 2025. While this is good news economically...