NTT Corporation, NTT Global Data Centers Corporation and Tokyo Century Corporation are pleased to announce the expansion of their data centre business collaboration in India to the Navi Mumbai area. We will jointly own assets related to the data centre business owned by NTT Global Data Centers NAV2 Private Limited (NAV2) through an intermediate holding company (SPV) which will be newly established in Singapore.
- Background and Purpose
In response to the growing global demand for data centres, NTT is investing in the data centre business to support core infrastructure that is the foundation for NTT’s full-stack global strategy. In the data centre business, where demand will continue to grow worldwide, NTT aims to provide high-quality services to global companies by maximizing investment efficiency and accelerating data centre business investments.
Tokyo Century signed a capital and business alliance with NTT in February 2020 and has since sought to fulfil its role as a corporate partner in promoting the business strategies of the NTT Group by developing financial services that integrate the three spheres of “Finance × Services × Business Expertise.” In August 2021, Tokyo Century commenced operations of a data centre in Mumbai, India as its first collaborative project with NTT GDC.
NTT GDC and Tokyo Century have decided to jointly operate NAV2 and construct the first two buildings while visioning 13 data centres at the maximum on this campus. The data centre market in India is expected to grow rapidly due to the increase in data traffic volume with AI and data analytics. Combining our respective strengths and capabilities, both companies aim to contribute to the development of the digital infrastructure in India and the realization of a sustainable society.
- Transaction Structure
