Announced
Financials
Tags
Data Centers and Hosting
IT Services: Other
Cross Border
Joint Venture
Private
Pending
Single Bidder
India
it services
Acquisition
Majority
Private Equity
Friendly
Synopsis
Brookfield Infrastructure, a publicly traded limited partnership, Reliance Industries-backed Jio, a provider of wireless telecommunication services, and Digital Realty, a real estate investment trust, to form Digital Connexion: A Brookfield, Jio and Digital Realty Company, a joint venture company that provides the full spectrum of highly-connected and scalable data center, colocation and interconnection solutions. Financial terms were not disclosed. "India is a mostly untapped market for the data center industry driven by the rapid adoption of digital business models, the world's largest population, and a government that recognizes the role of technology for future economic development. This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India," Serene Nah, Digital Realty Managing Director and Head of Asia Pacific.
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