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Russia’s Rostelecom to build 600,000 sqft data centre, raises $135m to fuel expansion

The Moscow data centre market is significantly undersupplied with a capacity shortage of almost 900 new racks per year.

By João Marques Lima

Co-founder and Editor, The Tech Capital

3 Mins

November 24, 2021 | 4:00 AM GMT

Russia’s digital operator Rostelecom PJSC (MOEX – RTS: RTKM, RTKMP; OTCQX: ROSYY) said that its data centre arm RTK-DC has acquired a facility to build a new hosting centre in South Moscow.

The campus has a total area of 57,291 sqm/616,000 sq ft and will host four data centres with 6,710 racks and an overall capacity of 55 MW.

The staged launch will see the first 1,000 racks commissioned in September 2022.

Yuri Samoilov, First Deputy Director General of Rostelecom Data Center, said: “We are seeing an ever-growing demand from businesses and state organisations for data centre services, and the market is currently unable to satisfy that demand.

“Our large-scale project in Moscow will be instrumental in helping fill the capacity gap, enabling businesses to implement their digital projects and build solid internal IT infrastructures based on reliable and sustainable technologies.”

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RTK-DC manages a distributed DC network across Russia with a total capacity of 13,500 racks (in Moscow, Saint-Petersburg, Udomlya, Novosibirsk and Yekaterinburg), as well as public cloud platforms (IaaS, platform services, VDI, DR and storage etc.), inter DC data transfer (the largest traffic exchange point in Russia MSK-IX), telecommunications, private cloud, integration projects, software and hardware development services.

In other news, Rostelecom’s social bonds 001P-06R have been verified by the AKRA rating agency and the issuance has been recognised as fully compliant with the international principles and standards (Social Bond Principles (SBP) for financing socially sound and sustainable products that achieve greater social benefits.

The inaugural social bond issuance in the expected amount of up to RUB 10 billion (US$134.9 million) will become the first largest social bond in telecoms.

The proceeds will be invested in the refinancing of the existing two projects: Internet access infrastructure in socially significant regions and bridging the digital divide.

Sergei Anokhin, Senior VP and CFO of Rostelecom, said: “Our ambition is to utilise social bonds as one of the key instruments to attract debt capital to finance our sustainable development projects.

“This new debt instrument will help us attract investors with strong focus on ESG credentials. Through launching this bond, with a clear social ambition, we emphasize our commitment to contributing to the communities in which we operate and our ambition to become one of the leading communications companies with social impact at the core of our business spirit.”

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João Marques Lima

Co-founder and Editor, The Tech Capital

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