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Real Estate

OVH to push ahead with global data centre expansions

French cloud provider OVH Groupe (OVHcloud) (EPA: OVH) said it will continue to invest in expanding its worldwide data infrastructure footprint to cater for customer demand. The company plans to expand existing data centres in Europe and Canada, as well as opening sites in new regions within the US, India, and Asia-Pacific. OVH currently operates 30 data centres in the f...

November 22

IHS buys MTN South Africa towers for $410m

Independent telecommunications infrastructure house IHS Holding Limited (IHS Towers) (NYSE: HIS) has signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks Proprietary Limited (MTN). The transaction caters a cash and debt consideration of ZAR6.4 billion (US$410 million), and excludes IFRS 16 lease liabilities estimated to ...

November 18

Saudi Crown Prince launches OXAGON floating industrial city that will house data centres

Saudi Arabia is pressing ahead with the development of its US$500 billion smart city Neom as Riyadh reveals the latest phase of the project. To that extent, Crown Prince Mohammed bin Salman, who serves also as chairman of the NEOM Company Board of Directors, has announced the development of a giant floating industrial city that will house data centres, hydrogen power plants...

November 17

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