Orange, Morrison plan French data centre venture to meet AI demand
Tweet
Share
E-mail
The logo of French telecom operator Orange is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier
July 27 (Reuters) - French telecoms operator Orange and infrastructure investor Morrison plan to create a data centre joint venture in France to expand capacity and meet rising demand for artificial intelligence and cloud services, the companies said on Monday.
The 50-50 venture would target 400 megawatts of capacity, nearly 10 times Orange's current level, and would be supported by a €3 billion ($3.41 billion) investment programme combining Orange assets, Morrison funding and debt.
Orange would contribute five data centres in France, while Morrison would provide equity funding to support the platform's growth.
The companies expect to sign the transaction by the end of 2026 and complete it in the first quarter of 2027, subject to approvals.
($1 = 0.8794 euros)
(Reporting by Anna Peverieri in Barcelona; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia's FSB charges Telegram founder Durov with facilitating terrorism, Ifax says
- Hong Kong home prices extend gains to 13th month in June, pace slows
- Exclusive-Boeings identified in Reuters report carried weapons for Sudanese paramilitary, UN experts find
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
