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Tag: data centre (page 1 of 5)

Microsoft in talks with Telangana govt for setting up $2bn data centre

Microsoft corp and the Telangana govt are negotiating the deal for building one of its largest data centres in the state with an investment of around $2bn-$2.5bn. The discussion is in its final stages and certain issues are being sorted out. No official statement has been released by Microsoft but it seems willing to go ahead with the project. AWS also announced the setting up of a second data centre region in Telangana which will be operational by mid-2022.

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Web Werks to invest Rs 750 cr to build data centre in Bengaluru

Web Werks and the Karnataka government have agreed on the building up of a data centre in Bengaluru. The former will be investing Rs 750cr for the proposed data centre which is expected to be fully operational in the next two years. The data centre will possess a capacity of 20MW with scope for expansion. Web Werks recently acquired land in Rabale to build its Navi Mumbai data centre and made an investment of Rs 400cr.

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Ascendas India to build its first-ever data center campus with 1,200 cr investment

Singapore-based Property Fund Trustee company Ascendas announced that it will invest about Rs 1,200 crore to develop a data center campus in India. The new data center campus will be located in Airoli and Navi Mumbai. With this new venture, the company is planning to tap into cloud service providers and large domestic enterprises. The campus will include two buildings and the first building will start operation by the year 2024.

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AWS announces the opening of data centers in Israel

A few weeks ago Israel signed a billion-dollar deal with AWS and Google to provide cloud services to its public sector and military. AWS, as a part of the deal, now announced it will open data centers in Israel. Google and AWS won the tender for a four-phase project in April called “Nimbus”. The new data centers are expected to start building by the first half of 2023. “Today, AWS announced it will open an infrastructure region in Israel in the first half of 2023”, AWS said in a statement.

Telangana’s IT export grows 13% to hit Rs. 1.45 lakh cr in FY21

Telangana, despite the pandemic, showed a growth of 13% in its IT and ITeS exports at Rs. 1.45 lakh cr in FY21. The annual report for the IT, electronics, and communications department showed an addition of 46,489 jobs, taking the total number of IT/ITES employees to 6,28,615, which is a YoY increase of 7.99% compared to FY19. Amazon has set up three data centers in Telangana last year with a $2.77 bn investment.

Blackstone to acquire data center operator QTS Realty Trust in $6.7 bn deal 

Blackstone Group will acquire data center operator QTS Realty Trust in a $6.7 bn deal. The deal will cost Blackstone around $10 bn, considering QTS’ existing debt. The operator has over  7 mn square feet of data center space spreading across North America and Europe. Blackstone Group’s infrastructure unit and non-traded real estate investment trust will pay $78 per share for QTS, which is a premium of about 21% to QTS’ closing price last Friday.

Real estate demand for data centers may go up by 15-18 mn sq.ft till 2025

Savills India’s report has estimated the rise in demand for real estate for data centers to be 15mn to 18mn sq. ft in the next four years. India currently has just 123 data centers which take over 7.5 mn sq ft area consuming over 650 MW power, also with 8mn+ sq ft and 870 MW capacity of data centers are under construction and will be functional by 2025. Development of over 10 mn sq ft for 1200 MW is in process.

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Amazon closing in on the $9 bn MGM deal

MGM is close to being sold to Amazon at a price tag of $9 bn, the value of the deal could be finalised earliest this week. The acquisition will help Amazon’s streaming services to add the catalog of 4,000 films including famous characters like Pink Panther and franchises like James Bond. After buying Whole Foods in 2017 for $13.4 bn, MGM would be Amazon’s second-highest buy to date. Apple and Comcast, earlier, had evaluated MGM at $ 6bn earlier.

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This year data centers aim to increase capacity by 20mn sq.ft

Data centers globally, with accelerated demand, plan on increasing capacity by 20mn sq.ft said a report by Omdia. In the latter half of 2020, 35 cloud and colocation service providers expanded by 10 mn sq.ft. Microsoft in a web post said it expected to open 50-100 data centers per year in the coming years. 51% of the total new capacity was brought by colocation service providers while cloud companies contributed 48%.