Data Center News

AWS reports revenue of $24.2 billion for Q4, 2023

Amazon Web Services (AWS) reported revenues of $24.2 billion in the last three months, year-on-year (YoY) growth of 13 percent. These figures also show a 12 percent increase for the market-leading public cloud platform in the third quarter of the year. Amazon CEO Andy Jassy said, "We are now a...

Keppel DC REIT's revenue slowed amidst payment dispute with Bluesea

Keppel DC REIT's H2 2023 results revealed that the company’s revenue slowed amidst payment issues with tenant Bluesea Data Development. The company’s revenue increased by 14 percent, but was slowed by a surge in finance costs by 56.1 percent. Keppel recorded a decline in distributions per unit...

Banglalink finalizes sale of 2,000 towers in Bangladesh

Veon subsidiary Banglalink has finally completed the sale of 2,000 of its telecom towers in Bangladesh to Summit Towers. This deal worth $100 million was confirmed by Veon in a statement yesterday. Kaan Terzioğlu, group CEO of Veon, said, “This sale marks an important milestone for us as we co...

Ericsson secures 7-year €420 million loan for R&D investment

Swedish vendor Ericsson has secured a seven-year €420 million loan with the European Investment Bank to support its investment in research and development for enhanced wireless technology until 2025. The vendor noted that €250m of the sum had already been disbursed. Carl Mellander, Ericsson’s ...

US FTC to investigate hyperscale investments in AI firms

The US Federal Trade Commission (FTC) recently began investigating the AI deals made by the likes of OpenAI, Microsoft, Google, Amazon, and Anthropic. The investigation is to determine how these deals may impact competition in the market, with concerns that the AI boom is deepening the power o...

Millicom subsidiary Tigo Colombia agrees to sell 1,100 towers to KKR

Millicom subsidiary Tigo Colombia has agreed to sell 1,100 telecom towers to US investment firm KKR. This deal will see KKR lease the wireless communications towers to Tigo Colombia to support its wireless networks. KKR has also revealed plans to work with digital infrastructure platform NEXO ...

African DC provider Raxio raises $46 million in equity funding

Raxio Group

African data center provider Raxio Data Centres recently raised another $46 million in equity funding which will be dedicated to its expansion efforts in Africa and catering to growing demand in the continent.  Brooks Washington, partner at Roha said after the announcement, “This funding will ...

Keppel DC Secures S$120 million SLL Credit Facility

Keppel Data Center REIT

The Keppel DC REIT Management Pte. Ltd. Board of Directors announced that one of its DC campuses recently secured a S$120 million (US$87.7m) sustainability-linked Islamic credit facility. The company didn’t reveal details relating to the loan providers, intended loan uses, or sustainability ta...

Chirisa obtains a $200 million loan to outfit a CoreWeave data facility in Virginia

Virginia

Chirisa Investments has secured financing for constructing a data center in Chester, Virginia. Chirisa received $200 million in construction funding to build CoreWeave's 242,000-square-foot turnkey data center, according to Commercial Observer. According to CO sources, an undisclosed Brookfiel...

KKR is to pay $807 million for a stake in SingTel's regional data centre operation

Asia-Pacific (APAC)

On Monday, SingTel announced that KKR will buy a 20% share in its regional data center business for $806.87 million. SingTel and KKR said in a joint statement that the agreement values SingTel's regional data center business at $4.03 billion and will be utilized to develop in Southeast Asian c...

EdgeConneX Gets $403.8Million to Develop its Jakarta Data Centers

EdgeConneX

EdgeConneX, a provider of Hyperscale Data Center Solutions, revealed a $ 403,8 million contract in Sustainability-Linked Senior Facilities to expedite its growth strategy and green initiatives for its Jakarta, Indonesia, data center footprint. This transaction, according to EdgeConneX, will in...

Vantage Data Centers EMEA receives $1.6 bn from AustralianSuper

Vantage Data Centers

AustralianSuper has made an investment in Vantage Data Centers' EMEA operations. Last week, the company announced it would invest $1.6 billion to acquire a "significant minority stake" in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA), backed by DigitalBridge. The pension ...

Belgian data center company KevlinX receives investment from Macquarie

Macquarie Data Centres

Macquarie has made an investment in a Belgian data center developer. Allen & Overy announced this week that it advised Macquarie Capital on its investment in KevlinX Holding B.V. Allen & Overy reported that KevlinX HoldCo is creating a data center in Brussels via its indirect subsidiar...

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...

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...

DataQube, a UK Edge data center firm, enters insolvency

United Kingdom

Edge data center company DataQube Global Ltd of the United Kingdom has declared bankruptcy. Creditors convened today, August 29th, to deliberate a nomination of liquidators and, if necessary, appoint a liquidation committee. DataQube reps did not acknowledge requests for comment regarding the ...

Bain to privatize ChinData in a $3.16 billion transaction

Chindata Group

ChinData, a Chinese data center operator, will be taken private by existing investor Bain Capital. ChinData Group Holdings Limited revealed over the weekend that it had gone into a $3.16 billion merger deal with two Bain subsidiaries that will be taken private: BCPE Chivalry Bidco Limited and ...

Stack Infrastructure intends to raise $100 million in secured notes

STACK INFRASTRUCTURE

Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24.The notes have received an A-2 rating from S&P Global. This is presently s...

Digicel founder relinquishes majority stake in debt restructuring

Digicel, a pan-Caribbean telecommunications company, has settled with its bondholders to cancel nearly $1.7 billion in debt as a trade for a majority stake in the company. A restructuring agreement has been reached in which bondholders will convert their investment into an initial 62 percent s...

TierPoint aims to raise $925 million through securitized loans

TierPoint

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...