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Data Center News > Blog > Investments > Vodafone, Damac to invest $100M to set data center in Türkiye
Investments

Vodafone, Damac to invest $100M to set data center in Türkiye

Last updated: February 20, 2024 12:12 pm
Published February 20, 2024
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Vodafone, Damac to invest $100M to set data center in Türkiye
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Vodafone Türkiye and Emirati firm Edgnex Information Centres by Damac have joined forces to determine a brand new information middle in western Türkiye with an funding of roughly $100 million (TL 3.09 billion), the CEO of the Turkish agency mentioned Monday.

The partnership can be half-and-half between the 2 corporations, Engin Aksoy mentioned in a information convention in Istanbul.

Beneath the cooperation, the brand new information middle will open within the Turkish Aegean metropolis of Izmir.

The middle is predicted to be operational within the first quarter of 2025, with information migration and internet hosting providers actions.

The middle can be certainly one of Vodafone’s largest-capacity information facilities within the Aegean area, reaching as much as a 6-megawatt capability in the long run.

Will probably be designed as a construction appropriate for development as much as a complete capability of 12 megawatts.

Aksoy mentioned Vodafone has an vital function within the Turkish financial system, as during the last 17 years, the actual worth of its investments in Türkiye has reached TL 157.6 billion.

Aqil Ali, senior vp at Edgnex Information Centres by Damac, mentioned that his agency plans to make $1 billion price of knowledge middle investments, with the Izmir mission included on this quantity.

Will probably be a knowledge middle that enables environment friendly modular development and can be a value-added funding for each nations, he added.

The brand new middle, which may have the most recent know-how, can be designed in response to Tier three requirements, which suggests it has programs to replace and preserve providers with out taking them offline – or uptime of 99.982%.

See also  Coalition Raises $30M from Mitsui Sumitomo Insurance

The middle can be related to Europe through each terrestrial and undersea cables.

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TAGGED: 100M, Center, Damac, data, Invest, Set, Türkiye, Vodafone
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