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Data centre: Japan’s NTT to collaborate with Tokyo Century for business in India

The data centre market in India is expected to grow rapidly due to the incoming 5G telecom technology and growth in the country’s e-commerce market

NTT Corp will collaborate with Tokyo Century Corp on its data centre business in India, said Japanese telecom-to-technology firm on Wednesday.

NTT Global Data Centers Holding Asia will divest 75 per cent of its shares in NTT Global Data Centers Holding Asia BOM8, special purpose vehicle (SPV) to Tokyo Century and will jointly own the assets currently held by NTT Global Data Centers Holding BOM8 Pvt. Ltd (BOM8), a 100 per cent subsidiary of the SPV. This will allow NTT to expand its data centre business by improving investment efficiencies and amplifying NTT’s full-stack services for the business.

Tokyo Century, through this model, for establishing a robust business portfolio and expanding global businesses with high growth potential, will provide financial services that contribute to resolving social issues, said the company in a press release.

NTT aims to maximise investment efficiency and accelerate the business investments, as data centre demand is expected to continue to grow worldwide. Tokyo Century will be the first joint investor in NTT’s business.

The data centre market in India is expected to grow rapidly due to the incoming 5G telecom technology and growth in the country’s e-commerce market.

Also read:DigiYatra: A paperless journey experience for domestic air travellers

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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