Iron Mountain to Take Minority Stake in Middle East Data Center Unit

MT Newswires Live

02-13

Iron Mountain (IRM) will take a minority stake in communications company Ooredoo Group's MENA Digital Hub data center unit, the companies said Thursday.

The partnership aims to expand Ooredoo's data center capacity in the Middle East/North Africa region, with Iron Mountain providing operational support and expertise in infrastructure development, the companies said.

Ooredoo plans to invest $1 billion in the medium term to increase the capacity of MENA Digital Hub to more than 120 megawatts, the companies said.

Price: 99.68, Change: -3.05, Percent Change: -2.97

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