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Norway

The Tech Capital Lefdal Mine triples Nordic data centre power capacity

Lefdal Mine Datacenter have added 60 MW power capacity to its underground data centre campus in Norway. With a connection to the regional 132 kV power network, the facility has seen data centre available power increase from 20 MW to 80 MW. The company said 20 MW is reserved for current custom...

The Tech Capital EcoDataCenter new site part of wider $1.75bn investment in Sweden

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 ...

The Tech Capital TikTok to invest $1.27 billion yearly in European data centres

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...

The Tech Capital KKR-led consortium in $3.6bn deal over Norwegian fibre assets

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...

February 02

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