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EU bets $200m in push for Made in Europe cloud platform

The investment will be utilised by a French cloud operator to deploy new digital infrastructure across the continent, including 10 data centres by 2024.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

November 28, 2022 | 12:17 AM GMT

EU bets $200m in push for Made in Europe cloud platform

EIB Vice-President Ambroise Fayolle. Source: EIB

The European Investment Bank (EIB), the European Union's investment bank, has granted OVHcloud dedicated funding for its investments in Europe in the shape of a €200 million (US$207 million) credit facility.

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João Marques Lima

Founder and Editor, The Tech Capital

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