Telenor floats JV for data centre business

Telenor announced a joint venture with Hafslund, an energy company, for setting up data centres in Oslo.
Telenor grows in Asia

The JV aims to build three data centres, with a total capacity of 40 MW, in the capital region. Telenor did not reveal its investment plans for the development of three data centres in Oslo.

The data centres will be colocation facilities for several tenants, and Telenor Norway will deploy its own infrastructure.

The development of the first data centre in Oslo will start towards the end of 2023, and the data centres will not have customers who mine cryptocurrency.

Telenor, Hafslund and HitecVision each own 31.667 percent of the company, while Analysys Mason owns 4.999 percent. HitecVision invests in developing energy companies in Norway and Europe, and Analysys Mason is a leading consulting agency in telecom, media and technology.

“Together with Hafslund and partners, we will establish Norway’s most secure commercial data centre operator, with a strong focus on sustainable solutions,” says Sigve Brekke, CEO of Telenor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Telenor Expands Fiber Broadband Footprint with NOK 2.5 bn Acquisition of Enivest

Telenor has announced an agreement to acquire Enivest, one...

Bouygues Telecom, Orange, and Free Sign €20.35 bn SFR Acquisition Deal

Bouygues Telecom, Orange, and Free-iliad Group have signed a...

T-Mobile Expands India Presence with Hyderabad GCC, Targets 1,000 Employees by 2027

U.S. telecom operator T-Mobile has strengthened its presence in...

Philippines Mobile Services Revenue to Surpass $5 bn by 2030 as 5G Adoption Accelerates

The Philippines telecom industry is entering a new phase...