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Google confirms first cloud region in Southern Europe

Alphabet Inc's (NASDAQ: GOOGL) Google said it will establish a cloud region in Greece, the public cloud giant’s first deployment in Southern Europe. Originally reported on Monday, the project is expected to contribute some €2.2 billion (US$2.13 billion) to Greece’s economic output and crea...

September 29

Rising interest rates driving data centre REITs into ‘re-rate’ mode, says famous contrarian Jim Chanos

As interest rates climb up and capital markets financial conditions deteriorate, data centre real estate investment trusts (REIT) are moving on to “re-rating” their stock, Jim Chanos, founder and managing partner of Chanos & Company, told an audience in New York City. According to Value of Stocks, a stock rerating is when a company’s valuation changes, therefore i...

September 28

Europe told to ‘brace’ for subsea cable strikes after Nord Stream was blown up in a possible Russian attack

Subsea digital infrastructure operators alongside pipes, rigs and other infrastructure managers in Europe have been told to prepare for possible attacks on their critical networks after the two Nord Stream gas pipes were blown up almost in three simultaneous attacks thought to have been orchestrated by Russia. The underwater explosions come seven months after Russia’s pre...

September 28

IFC invests into Africa’s West Indian Ocean Cable Company Holding

IFC has carried out a US$30 million equity investment into West Indian Ocean Cable Company Holding Ltd (WIOCC Group) to support further rollouts of terrestrial fibre-optic networks, investment in new subsea cables, and the launch of edge data centres infrastructure across Africa. The new cash round follows on for a previous US$20 million loan issued in 2020 via IFC’s fast...

September 28

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