NTT Partners with Tokyo Century to Expand Data Center Business in India

NTT Corporation is collaborating with Tokyo Century Corp. to further expand its data centre business in India.

As part of the deal, NTT Global Data Centers Holding Asia (GDC HC) will divest 75 percent of its shares in NTT Global Data Centers Holding Asia BOM8 (SPV) to Tokyo Century and will jointly own the data center’s assets currently held by NTT Global Data Centers Holding BOM8 (BOM8), a 100 percent subsidiary of the SPV.

Tokyo Century is focused on expanding its business model, which integrates the three spheres of ‘Finance × Services × Business Expertise’ through co-creation with partners. Through this model, Tokyo Century provides unique financial services that contribute to resolving social issues toward establishing a robust business portfolio and expanding global businesses with high growth potential. Tokyo Century will be the first joint investor in NTT’s data center business.

GDC HC established BOM 8 to hold assets related to the data center business in Mumbai through an SPV newly established in Singapore in 2020. This SPV is developing a 9-story data center with a total building area of over 310,000 square feet (approximately 29,000 square meters) and Critical IT load of 24 MW.

The data center, located only 30 minutes from Chatrapati Shivaji International Airport in Mumbai, is expected to be completed in February 2022 and will accommodate large-scale cloud service providers.

In the data center business, where demand will continue to grow worldwide, NTT aims to provide high-quality services to global companies by maximizing investment efficiency and accelerating the data center business investments.