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Finance & Investment

Russia eyes $700m country-wide data centre investment

Russian IT firm Liberum Navitas has unveiled ambitious plans to erect a RUB48.6 billion (US$686.2 million) data centre network of 15 facilities across the country. The facilities, targeted at government agencies and commercial enterprises, will be located in the cities of Moscow, St. Petersburg, Murmansk, Kaliningrad, Sevastopol, Sochi, Volgograd, Nizhny Novgorod, Tyumen, N...

October 21

UAE telco EITC Q3 revenues hit $782m as data centre portfolio grows

Emirates Integrated Telecommunications Company’s (EITC) has reported a 6.9% year-on-year (YoY) revenue growth for Q3 2021 as sales reached AED2,874 million (US$782 million). However, EBITDA retreated by 4.9% YoY to AED1,100 million and net profit declined 7.1% to AED283 million. The company said the drop in profit was due to its “ambitious investment programme” and...

October 21

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