TCS announces 1-GW data centre plan with $6.5 billion investment

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IT services company TCS on Thursday announced a massive plan to enter the data centre space with an aim to build up to 1 GW of capacity, which will entail over $6.5 billion in investments.

The Tata group firm will see partial equity investments from financial investors and also funding through debt, according to the company management.

“We have set a target of 1 GW. We will be doing it in phases. We expect to do 1 GW in 5-7 years,” TCS‘ chief executive K Krithivasan said at an investor call after the company announced its September quarter earnings.

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TCS announces 1-GW data centre plan with $6.5 billion investment



IT services company TCS on Thursday announced a massive plan to enter the data centre space with an aim to build up to 1 GW of capacity, which will entail over $6.5 billion in investments.

The Tata group firm will see partial equity investments from financial investors and also funding through debt, according to the company management.

“We have set a target of 1 GW. We will be doing it in phases. We expect to do 1 GW in 5-7 years,” TCS‘ chief executive K Krithivasan said at an investor call after the company announced its September quarter earnings.

As…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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