NTT Corporation (NTT) has said that it aims to further expand its data centre business by improving investment efficiency. In order to achieve this, NTT has collaborated with Tokyo Century Corporation (Tokyo Century) in India’s data centre businesses.
As part of this deal, NTT Global Data Centers Holding Asia Pte. Ltd. (GDC HC) will divest 75 per cent of its shares in NTT Global Data Centers Holding Asia BOM8 Pte. Ltd (SPV) to Tokyo Century and will jointly own the data centre’s assets currently held by NTT Global Data Centers Holding BOM8 Private Limited (BOM8), a 100 per cent subsidiary of the SPV.
Details of the collaboration
GDC HC established BOM 8 to hold assets related to the data centre business in Mumbai, India through an SPV newly established in Singapore in 2020. This SPV is developing a 9-story data centre with a total building area of over 310,000 square feet (approximately 29,000 square meters) and Critical IT load of 24 MW.
SPV will become a joint venture of GDC HC and Tokyo Century, with Tokyo Century acquiring 75 per cent of SPV’s outstanding common shares.
The data centre, located only 30 minutes from Chatrapati Shivaji International Airport in Mumbai, is expected to be completed in February 2022 and will accommodate large-scale cloud service providers known as hyperscalers.
The data centre market in India is expected to grow rapidly due to the government’s promotion of 5G services and the growth of the e-commerce market. Mumbai, India, is an area where many data centres are planned to be developed in the future, and the collaboration between NTT and Tokyo Century in data centre would be a significant project in India. NTT and Tokyo Century will continue to cooperate to support the realization of a sustainable society by resolving social issues.
