CA - Digital Realty Brookfield and RIL launch JV for data centers in India
2023-07-24 16:32:45 ET
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Digital Realty ( NYSE: DLR ) said Monday it will execute a three-way joint venture with Brookfield Infrastructure and Reliance Industries (RIL) to set up data centers in India.
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The joint venture will be called Digital Connexion: A Brookfield, Jio and Digital Realty Company.
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Each partner will own one-third of the joint venture.
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Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.
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Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL
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Financial terms of the joint venture were not disclosed.
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Digital Realty, Brookfield and RIL launch JV for data centers in India