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Netmagic To Setup Two New Data Centres, Plans To Expand Capacity To 13 Lakh Sq.Ft By 2018

Industry ICT Service

Netmagic , a NTT Communications Group company, plans to set up two new data centres in Mumbai and Bangalore by April 2018.It has finalized real-estate deals and is waiting for fund infusion in the range of some Rs.2,000 crore to initiate the construction work of the facilities. The funding will be a mix of equity based capital infusion and some debts from local banks.

Extracted from ET, Apr 15,’16

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