Capacity News Weekly Roundup: stc takes Telefonica stake, Huawei aims for the Cloud in Saudi Arabia and more

Capacity News Weekly Roundup: stc takes Telefonica stake, Huawei aims for the Cloud in Saudi Arabia and more

STC takes 9.9% stake in Telefonica

Saudi Arabia’s STC Group has become the top shareholder in Telefonica , taking a 9.9% stake in the operator, it was announced today. STC, though, maintained that it “did not intend to acquire control or a majority stake” but rather it saw this as a “compelling investment opportunity”.

Olayan Alwetaid, CEO of stc Group says the investment will help to "create value"

Proximity Data Centres acquired by nLighten

Leading infrastructure investor nLighten, a digital infrastructure platform of I Squared Capital, has acquired UK edge platform Proximity Data centres . Proximity Data Centres operates ten carrier neutral data centres in the UK, which grows nLighten’s portfolio of European data centres to reach 26, with 53 megawatts of potential capacity and 130 employees.

What are the big trends in West African Digital Infrastructure?

Before taking centre stage next week at ITW Africa, Ike Nnamani, CEO, Medallion Data Centres, spoke to Capacity about the biggest opportunities and challenges shaping investment in digital infrastructure in West Africa . At ITW Africa, Nnamani will speak on a session titled “site selection - how do we manage the challenges of land and connectivity?” which will take place in the Mount Elgon Ballroom at 11.35am on Wednesday 13th September.

Huawei Cloud launches in Saudi Arabia

Huawei Cloud has announced the launch of its services in Saudi Arabia . Unveiled at the Huawei Cloud Summit Saudi Arabia 2023, the new Riyadh region will help to promote digital-led economic growth in the country.

Huawei has launched its cloud services in Saudi Arabia

Virtus launches €3bn Wustermark data centre campus project

Virtus Data Centres (Virtus), part of the ST Telemedia Global Data Centres Group, has announced its Wustermark data centre campus in the Berlin Brandenburg data centre region . Spanning a 350,000 square metre footprint, phase I of the Virtus Wustermark campus is due to be completed by 2026, boasting 300MW of incoming power across two campus locations.

The C-Suite Hotseat Episode 5 - Ayotunde Coker, CEO, Open Access Data Centres

Ahead of the inaugural ITW Africa event, senior reporter Saf Malik is joined by Ayotunde Coker, CEO, Open Access Data Centres . Coker talks the company's rapid rise in Africa, investment on the continent and how he would describe the state of the data centre industry.

Ayotunde Coker, CEO of Open Access Data Centres joined The C-Suite Hotseat

You can read more from the team at?www.capacitymedia.com

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