Green Revolution - How data centres are answering to the global climate emergency
In the face of the global climate emergency and the European energy crisis, data centres are under increasing pressure to reduce their carbon footprint and enh...
The operator sold the stake in 2017 for more than $1.3 billion to KKR but as the subsea ecosystem enjoys a 7.1% CAGR to 2027, current and future data demand seems to prove to be good reason enough for Telefónica wanting more stock.
Founder and Editor, The Tech Capital
5 Mins
February 03, 2022 | 12:19 AM GMT
Spanish telecom giant Telefónica (BME: TEF) and real estate firm Pontegadea said they have entered into an agreement to buy a 40% stake in submarine cables operator Telxius Telecom, previously held by US investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) (NYSE: KKR).
Founder and Editor, The Tech Capital
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