Source: BNN Bloomberg
Summary
Canada Pension Plan Investment Board (CPPIB) is investing in CtrlS, an Indian data center operator. CPPIB will acquire an 8.2% stake in CtrlS, which operates over 15 data centers in India. The investment amount was not disclosed. CtrlS plans to use the funds to expand its operations and increase its data center capacity.
Our Reading
The announcement sounds ambitious.
CPPIB invests in CtrlS, an Indian data center operator. CtrlS operates over 15 data centers in India and plans to expand its operations. The investment amount was not disclosed, but CtrlS will use the funds to increase its data center capacity. This is not the first time a pension fund has invested in a data center operator. CtrlS will likely use the funds to build more data centers, because that’s what data center operators do.
CtrlS is just the latest “strategic investment” in a data center operator, because data is the new oil or something.
Author: Evan Null
