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Norway

The Tech Capital 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

The Tech Capital 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

The Tech Capital Google submits application for major power tender for planned data centre in Norway

Update: A former version of this article referred that Google had applied for 860MW for its data centre power. This has now been clarified by local authorities who said the value was a long-term projection based on power needs by Google and other entities. Therefore, this entry has been updated accordingly. In a strategic move with potential implications for Norway's energ...

November 21

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