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Telecommunication

NTT ties up with Australian fund Macquarie in data center investment

$800m deal to co-own European and American facilities of Japanese telecom group

The tie-up is designed to ease the investment burden on NTT, the world's third-largest data center operator.   © Reuters

TOKYO -- Nippon Telegraph and Telephone is partnering with Australia's Macquarie Asset Management to jointly own data centers in Europe and the U.S. so that the Japanese telecommunications giant need not shoulder the entire investment alone amid booming global demand.

Under their agreement, Macquarie will acquire a majority of shares in companies that own NTT data centers in Europe and the U.S. for roughly 100 billion yen ($816 million). The Japanese group will maintain stakes of 25% to 49%.

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