Raxio Data Centres secures up to $170m Debt Facility to expedite digital transformation in Africa
Raxio Data Centers, an African data center operator with a presence in Ethiopia, has announced that it has secured a sustainability-linked debt facility of up to $170 million to finance its data center development and expansion plans in Africa. In the past, Raxio has been backed by investments from Roha and Meridiam, and the new […]
TNB Launches Green Lane Pathway to Enhance Data Center Market Efficiency in Malaysia
Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, has introduced the Green Lane Pathway, a specialized initiative aimed at bolstering Malaysia’s data center market by providing streamlined and environmentally conscious solutions for data center operators. This initiative is designed to simplify the onboarding process for data centers, expedite regulatory approvals, and facilitate […]
NTT to ramp up its data center capacity to 348 MW in India
NTT, a data center company, is gearing up for a significant 70 percent expansion in its data center capacity, propelling it to 348 MW. Through the expansion, NTT plans to cater to an array of sectors, including over-the-top (OTT) players and domestic enterprises encompassing banking, manufacturing, and automotive domains. The company’s focus will also extend […]
SK Telecom Q2 Earnings Climb on AI, Data Center, Cloud Business
Korea’s major telecommunications company, SK Telecom is rapidly morphing into an AI company as it witnessed significant growth in its second-quarter earnings, mainly driven by artificial intelligence, data center, and cloud business. SK Telecom recorded over 4.3 trillion won (US$ 3.26 billion) in sales and 463.4 billion won (US$ 350.8 million) in operating profit during […]
Edge Data Center Market Projected To Grow At 22% CAGR From 2023-2031
The edge data center market is expected to witness substantial expansion with an estimated Compound Annual Growth Rate (CAGR) of 22% forecasted for the period between 2023 and 2031. This surge can be attributed to the rising need for low-latency data processing and storage solutions, according to ResearchAndMarkets. These centers are situated in close proximity […]
Oracle Strengthens Australia’s Digital Economy with a New Government Cloud
CANBERRA, Australia—August 7, 2023 To meet rapidly growing global demand from public sector organisations, Oracle announced the new Oracle Cloud for Australian Government and Defence in Canberra. Offering over 100 services, the new region is a complete and highly secure hyperscale cloud platform that allows customers to build and run applications. It is physically isolated […]