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Orange and Morrison to form data centre venture in France

First publishedJul 27, 19:04 UTC
Last updatedJul 27, 21:13 UTC · 5m ago
11 outletInvesting.com · Stock Market
Investing.com · Stock Market6Orange and Morrison to form data centre venture in FranceOpen ↗
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Orange and Morrison to form data centre venture in France
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Investing.com -- French telecoms operator Orange (EPA:ORAN) and infrastructure investor Morrison announced plans on Monday to establish a data centre joint venture in France aimed at expanding capacity for artificial intelligence and cloud services. The partnership will operate as a 50-50 venture targeting 400 megawatts of capacity, representing nearly ten times Orange’s current data centre capacity.

Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓

Investing.com -- French telecoms operator Orange (EPA:ORAN) and infrastructure investor Morrison announced plans on Monday to establish a data centre joint venture in France aimed at expanding capacity for artificial intelligence and cloud services. The partnership will operate as a 50-50 venture targeting 400 megawatts of capacity, representing nearly ten times Orange’s current data centre capacity. The expansion will be backed by a €3 billion ($3.41 billion) investment programme that combines Orange assets, Morrison funding, and debt financing. Under the agreement, Orange will contribute five data centres located in France to the venture.

Read the full report at Investing.com · Stock Market ↗

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What's the story?
Investing.com -- French telecoms operator Orange (EPA:ORAN) and infrastructure investor Morrison announced plans on Monday to establish a data centre joint venture in France aimed at expanding capacity for artificial intelligence and cloud services. The partnership will operate as a 50-50 venture targeting 400 megawatts of capacity, representing nearly ten times Orange’s current data centre capacity.
How widely is it covered?
1 outlet, average source rating 6.0/10.
When was it last updated?
5m ago.
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    Orange and Morrison to form data centre venture in France

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    Investing.com · Stock Market
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organizationEPAorganizationFranceorganizationFrance. Investing.comorganizationFrenchorganizationMorrisonorganizationORANorganizationOrangeorganizationUnder
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