e&, G42 complete transaction to combine data centres

Abu Dhabi – Mubasher: e& and G42, an AI and cloud computing company, have completed the transaction to combine their data centres in the UAE as part of a new joint business operating under Khazna Data Centers (Khazna).

e& will own a 40% stake in the joint venture, while G42 will hold the remaining stake, according to a recent bourse filing.

The data centres will be consolidated in e&’s financial statements.

It is noteworthy to mention that in October 2021, the telecom company inked a binding agreement with G42 to combine their data centres and create the largest data centre provider in the UAE.

Mubasher Contribution Time: 01-May-2022 10:48 (GMT)
Mubasher Last Update Time: 01-May-2022 10:48 (GMT)