Nordic data centre operator EcoDataCenter has announced it will deploy a new data centre campus in Östersund as part of a shared SEK 18 billion (US$1.75 billion) investment until 2033. The capital expenditure will be utilised for the erection of a 150MW data centre - EcoDataCenter 2  -which will be brought to market in phases. Phase 1, amounting to 20MW, is due to ...

Chinese social media app TikTok has unveiled plans to expand its data centre capacity in Europe both in Ireland and Norway in a yearly investment worth US$1.27 billion. Firstly, the brand, owned by the Chinese company ByteDance, said it will establish a second data centre presence through a third-party service provider in Dublin. Elsewhere, in Norway, the company has ent...

A consortium led by KKR & Co Inc (KKR) (NYSE: KKR), investing through its Core Infrastructure strategy, with Oslo Pensjonsforsikring as co-investor, has closed on the acquisition of a 30% stake in Telenor Fiber AS from Telenor. The agreed sales price is based on an enterprise value of NOK 36.1 billion (US$3.61 billion) for the Norwegian fibre business which had a profor...