JSC ER-Telecom Holding (Dom.ru and Dom.ru Business trademarks), the Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), Talos Fund I LP (the leading fund from the Middle East specialising in investment in advanced technologies, including AI) and Linxdatacentre have started construction of a new data centre in Moscow.
This will supplement Linxdatacentre’s expansion and development of the leading cloud service in Russia. The amount of investment in the project is estimated at approximately $200 million, the company said in a statement.
Linxdatacentre has purchased a site at Serebryakova 8 in Moscow, with a total area of 26,000 sq. m. The data centre will accommodate at least 4,000 racks and office spaces for customers. The power of the new facility will be gradually increased up to 50 MW and operations are expected to in early 2024, according to company officials.
Largest facility
This will become the company’s largest data centre facility, and its second data centre in Moscow.
“Investment in construction of the largest facility of Linxdatacentre in Moscow for the future development of the leading cloud service in Russia is part of the strategy of the Russian Direct Investment Fund, focused on supporting the growth of digital economy in Russia and deploying the related infrastructure. Advanced international expertise and innovations will be applied in construction of a power-efficient state-of-the-art data centre. The new facility will support business growth of Russian digital services and the IT sector in general, and its capacities will be in high demand among the leading international companies.” Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF)
Another data centre is located in Saint Petersburg. Redundant circuits connecting the facilities will enable all three data centres to operate as elements of a single infrastructure. Further, the new data centre will meet the major needs of the largest Russian and international companies in colocation and cloud services, the company said.
The project is currently being developed by the experts of Linxdatacentre jointly with the international partners of RDIF. It is designed to meet the best international standards, the Tier III requirements first and foremost, and state-of-the-art technological trends, including innovative power-efficient solutions.
“We are following the already agreed upon strategy for DC development. This project takes into account specific characteristics of the Russian market and will strengthen our presence in Moscow, which is currently the key region from the perspective of customer demand.” Andrey Kuzyaev, President of JSC ER-Telecom Holding
Linxdatacentre’s expansion in Moscow is the beginning of the company’s ambitious investment strategy aimed at development of its business throughout Russia and an increase of its share on the colocation, cloud and connectivity services markets. The strategy includes further expansion of Linxdatacentre’s presence in Moscow and Saint Petersburg, as well as development of new sites in other Russian regions. The investment in the strategy implementation is estimated up to $500 million.
“The site we found for construction of our new data centre is an optimal match for a whole range of our requirements. Its total area will allow us to plan future expansion, and its location ensures superior network connectivity owing to the proximity of our current data centre at 8 Marta Street. Its transport accessibility and proximity to large infrastructure objects allow Linxdatacentre to offer a solution to big Russian and international companies. Full control over the construction process and engagement of international experts will enable us to plan and implement the project in compliance with the strictest international standards for DC management, including security and power independence, and to meet the high expectations of our customers.” Olga Sokolova, General Director of Linxdatacentre
JSC ER-Telecom Holding is a leading Russian telecom company providing broadband internet access, telecom, digital TV, Wi-Fi access, VPN, LoRaWAN and CCTV services, as well as industrial IoT technologies. Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia.
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