Reliance Industries, infrastructure agency Brookfield Infrastructure and Digital Realty have concluded a transaction to arrange a three-way three way partnership for knowledge centre providers, an official assertion mentioned on Tuesday.
The three corporations entered into an settlement in July 2023 to spend money on their current particular goal automobile Digital Connexion for creating knowledge centres in India.
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“With this announcement, the three way partnership will assume a brand new id as Digital Connexion: A Brookfield, Jio and Digital Realty Firm succeeding and constructing on the sturdy basis laid by BAM Digital Realty,” Digital Connexion mentioned in a press release.
The transaction will end result within the three corporations turning into equal shareholders, with every proudly owning a one-third (33.33 per cent) stake within the three way partnership.
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“The three way partnership is actively progressing the event of strategically situated knowledge centres in Chennai and Mumbai. Its flagship greenfield knowledge centre, MAA10, with 20 megawatts (MW) of IT load capability on a possible 100 MW campus in Chennai, is about to launch in January 2024,” the assertion mentioned.
Moreover, the JV has just lately acquired 2.15 acres of land in Mumbai to develop the JV’s footprint with the deliberate building of a 40 MW knowledge centre.
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