Singtel to sell 20% stake in data centre business

21 September 2023

Singapore Telecommunications (Singtel) is set to sell a 20% stake in its regional data centre business to private investment firm KKR for S$1.1 billion. The deal values Singtel’s total regional data centre business at S$5.5 billion.

Singtel’s data business is part of their Digital InfraCo unit, which was formed in June, and has operations in Singapore, India, and Thailand. Singtel will reportedly use the money from the sale to fund the further expansion of its this data centre business in Southeast Asia.

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Airtel to acquire stakes in renewables

12 September 2023

Bharti Airtel signed agreements to acquire stakes in two local renewable energy companies to secure purchases of 23,000MWh of green energy by end-March 2024 to power six edge data centre facilities.

These latest agreements bring its total contracted renewable energy capacity for its data centre unit Nxtra will exceed 274,000MWh. The energy purchases will be made through an open access route, with the operator acquiring a stake in Continuum Green India, which will supply solar and wind power to Nxtra’s edge data centres in Madhya Pradesh. It agreed a similar stake purchase with Vibrant Energy for the supply of solar power to a facility in Vijaywada.

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Equinix invests $42 million in IBX data centre in Mumbai

11 August 2023

To support India’s growing digital economy, which is expected to reach $1 trillion by 2026, Equinix, Inc. has announced an investment of $42 million for its fourth International Business Exchange (IBX) data centre in Mumbai, called MB4. The new facility will allow local and overseas businesses to expand their digital capability as a foundation to accelerate digital transformation in India.

The Indian data centre industry reached 637MW as of H1 2022 and is expected to reach 1,318MW by 2024. In addition, the Equinix Global Tech Trends Survey 2023 indicates that 85% of IT leaders surveyed in India plan to increase spending on interconnection in the next twelve months. The addition of MB4 will expand Equinix’s digital infrastructure capacity in India to address the rising demand for data center and interconnection services among businesses.

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Intercloud enters India with two Mumbai Edges

14 June 2023

InterCloud has announced the opening of its first point of presence in India, with the deployment of two connection points (Edges) in Mumbai.

The opening of the new connection points will allow InterCloud to support its existing customers with connectivity in what is a key region for several of its clients.

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