Merlin Properties to raise up to 94 million new shares for data centres
Spanish real estate group Merlin Properties Socimi SA has announced its intention to conduct an accelerated bookbuilding process, issuing approximately 94 million new shares, representing 20% of its existing share capital. The capital-raising would be targeted at financing the construction and o...
July 26
VEON’s Pakistan operator Jazz secures $270m credit facility for digital infrastructure expansion
VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON) subsidiary Jazz has secured Pakistan’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. US$270 million). The 10-year financing arrangement will be used to build up Jazz’s 4G connectivity and digital services used by millions of consumers and enterprises. The banking consortium was led...
July 26
Samsung, AMD team up to supply high-performance substrates for hyperscale compute
Samsung Electro-Mechanics (SEMCO) has entered into a collaboration with AMD (NASDAQ: AMD) to supply substrates for hyperscale data centre compute applications These substrates are made in SEMCO's technology hub in Busan and a newly built factory in Vietnam. Market research firm Prismark predicts that the semiconductor substrate market will grow at an average annual rate ...
July 26
Cloud platform Nscale acquires Kontena to power next-generation AI
AI cloud platform Nscale has acquired modular data centres and AI Data Centre solutions provider Kontena. The acquisition comes at a time of growing generative AI models which are forging the growth of the data centre hardware market. Nscale, which currently operates a 60MW data centre in Norway, said under the joined entity, the two companies will deliver high-performan...
July 25
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