New Nordic JV to build $230m data centre in Oslo
Norway’s TMT firms Telenor, Hafslund, and HitecVision have entered into a joint venture to build a NOK 2.4 billion (US$227.4 million) data centre facility in the capital Oslo. The JV, which will give place to the creation of a new logo branded as Skygard, comes at a time of escalating geopolit...
March 21
Google announces string of data centre projects across the globe
The nominations for The Tech Capital Global Awards 2024 are currently open. To learn more about the awards and submit an entry, please visit our website. The deadline for submissions is at midnight ET on March 8. Alphabet's (NASDAQ: GOOG) cloud division Google Cloud has recently announced a string of new data centre projects around the globe as it continues to expa...
March 05
TikTok to invest $13bn in Europe as it takes over first Nordic data centre
Chinese social media company TikTok has announced a €12 billion (US$13.15 billion) investment plan for Europe under Project Clover designed to improve security and management of European Union and UK citizens’ data. “Our investment announcement comes as we officially take possession of the first phase of our data centre operations in the Hamar region of Norway,” sai...
December 04
Norway’s government buys satellite business for $220m
Norwegian telecommunications operator Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite. The sales price achieved NOK 2.36 billion on an enterprise value basis, or US$218.4 million. As Space Norway is wholly owned by the Norwegian Government, the transaction is subject to approval by the Norwegian Parliament. ...
November 26
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