London, UK, Apr. 18, 2023 – The Tech Capital, a digital media, reports, and events platform providing valuable daily content and data covering investment and...
Nippon Telegraph and Telephone Corporation's chairman Yoshihito Kichijo (left) and president Akihiro Naruse (right). Source: NTT
NTT and Tokyo Century have entered a partnership to collaborate on India data centre businesses.
Under the agreement, NTT Global Data Centers Holding Asia Pte. Ltd. (GDC HC) will divest 75% of its shares in NTT Global Data Centers Holding Asia BOM8 Pte. Ltd (SPV) to Tokyo Century and will jointly own the data centre’s assets currently held by NTT Global Data Centers Holding BOM8 Private Limited (BOM8), a 100% subsidiary of the SPV.
GDC HC has established BOM 8 to hold assets related to the data centre business in Mumbai through an SPV newly established in Singapore in 2020.
Structure of the transaction by NTT and Tokyo Century. Source: NTT
This SPV is developing a 9-story data centre with a total building area of over 310,000 square feet (approximately 29,000 square meters) and Critical IT load of 24 MW.
Render of the future data centre in Mumbai. Source: NTT
SPV will become a joint venture of GDC HC and Tokyo Century, with Tokyo Century acquiring 75% of SPV’s outstanding common shares.
The data centre, located only 30 minutes from Chatrapati Shivaji International Airport in Mumbai, is expected to be completed in February 2022 and will accommodate large-scale cloud service providers known as hyperscalers.
The Indian data centre market is expected to grow rapidly due to the government’s promotion of 5G services and the growth of the e-commerce market.
Mumbai is an area where many data centres are planned to be developed in the future.
NTT and Tokyo Century said they will continue to cooperate to support the realisation of a sustainable society by resolving social issues.
India’s data centre boom starts now and requires $5bn in investment
