NTT India Shift Focus to Data Centers

NTT India Shift Focus to Data Centers
16/03/2021 , by , in ALLIED

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 sqft, says a senior official of the Japanese technology services major. NTT in India was created by merging the three businesses –NTT India, NTT Communications India, and NTT-Netmagic.

 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.  Sanghi was the pioneer in the data centre space having set up the country’s maiden company in the space Netmagic way back in July 1998.

With over 1.5 million sqft across 10 data centres operational already in four cities, NTT is the largest operator in this segment and Sanghi says this will more than double to 2.5 million sqft over the next three years and will be entering four more cities. NTT also runs the first and the largest operational hyper scale data centre park in the country in Navi Mumbai..

About Realty Plus

Loading...