MILAN (Reuters) -Vantage Data Centers will invest more than 350 million euros ($407 million) to build a second campus in Italy, the U.S.-based digital infrastructure provider said on Wednesday. WHY
Vantage Data Centers to Invest €350 Million in New Italian Campus
Vantage Data Centers' Strategic Investment in Italy
MILAN (Reuters) -Vantage Data Centers will invest more than 350 million euros ($407 million) to build a second campus in Italy, the U.S.-based digital infrastructure provider said on Wednesday.
Overview of the New Campus
WHY IT'S IMPORTANT
Government Recognition and Support
The campus aims to support the growing demand for high-performance digital infrastructure in the country and its location close to Italy's financial capital Milan will allow connectivity with other key European digital hubs, including Zurich, Frankfurt and Munich, Vantage said in a statement.
Projected Operational Timeline
BY THE NUMBERS
The new campus, which will add to a first one in Milan, will consist of two data centers with a combined 32 megawatts of IT capacity. The first phase is expected to be operational in the spring of 2026.
CONTEXT
The Italian government has recently recognised Vantage's multiple campus developments as nationally strategic infrastructure investments. Through this program, Vantage will invest approximately 4 billion euros and employ an estimated 4,000 workers over eight years during construction, while also creating approximately 250 permanent jobs.
($1 = 0.8594 euros)
(Writing by Francesca Landini; editing by Kirsten Donovan)
