News

Mubadala invests $500m in US data centre

Server_roomUAE-based investment company Mubadala has struck a deal to invest $500 million in Cologix, the US data centre. The investment will be made in partnership with Stonepeak Infrastructure Partners, a US-based private equity firm which is and will remain the majority shareholder in Cologix. The data centre currently operates in 28 interconnection hubs and 5 hyperscale facilities across 10 North American markets. The capital injection from Mubadala will be used to expand its operations across the US and Canada “to meet the growing needs of its data centre customers” stated Cologix. “As a global investor, we continue to look closely at opportunities in sectors such as ICT, which are rapidly transforming the world,” said Khaled Al Qubaisi, chief executive of Mubadala Aerospace, Renewables and ICT. “As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.” ©2019 funds global mena

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