Telenor floats JV for data centre business

Telenor announced a joint venture with Hafslund, an energy company, for setting up data centres in Oslo.
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The JV aims to build three data centres, with a total capacity of 40 MW, in the capital region. Telenor did not reveal its investment plans for the development of three data centres in Oslo.

The data centres will be colocation facilities for several tenants, and Telenor Norway will deploy its own infrastructure.

The development of the first data centre in Oslo will start towards the end of 2023, and the data centres will not have customers who mine cryptocurrency.

Telenor, Hafslund and HitecVision each own 31.667 percent of the company, while Analysys Mason owns 4.999 percent. HitecVision invests in developing energy companies in Norway and Europe, and Analysys Mason is a leading consulting agency in telecom, media and technology.

“Together with Hafslund and partners, we will establish Norway’s most secure commercial data centre operator, with a strong focus on sustainable solutions,” says Sigve Brekke, CEO of Telenor.