NTT to invest $1.5 bn in data centres

NTT in India was created on January 1, 2021, by merging the three businesses --NTT India, NTT Communications India, and NTT-Netmagic.

Mumbai: NTT that has integrated its three India units into one entity from this January, is focusing more on the data centre space where it leads the market, getting three-fourths of the committed $2 billion capex, which will see it nearly double the capacity to 2.5 million sq ft, says a senior official of the Japanese technology services major.

NTT in India was created on January 1, 2021, by merging the three businesses –NTT India, NTT Communications India, and NTT-Netmagic under the leadership of Sharad Sanghi as the chief executive, following an announcement to this effect in last November.

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NTT had also said announced a $2-billion capex to drive the data centres, networks and solar projects in the country over the next three years. Before the new role, Sanghi was chief executive of Global Data Centres and Cloud Infrastructure India, known more as NTT-Netmagic.

NTT’s association with India began when in 2012 it bought a controlling stake in Netmagic, the country’s first independent data centre provider launched by Sanghi for a reported Rs 900 crore. Later in 2018 he fully exited the company selling the remaining 19 per cent stake to NTT.

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