EU lending arm bankrolls OVHcloud's European expansion with €200m

The cloud computing group has bagged financing to open 15 new datacentres by the end of 2024

Kelsey Rees
clock • 2 min read
EU lending arm bankrolls OVHcloud's European expansion with €200m

French hyperscaler OVHcloud has landed a €200m loan from the European Investment Bank (EIB) to fund its investments in Europe.  EIB claims the credit facility demonstrates its determination to actively support European digital players.  This commitment is also in line with the EU's priorities for strategic autonomy in the field of new technologies. The duo said this is the first financing for a pure cloud player, for a maximum amount provided by the EIB, which is intended to support ...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Solution Provider

Noventiq completes buy of Egyptian Microsoft partner DigiTech

Noventiq completes buy of Egyptian Microsoft partner DigiTech

Noventiq’s Egypt team will join DigiTech to form one unified entity for the region’s market

Kelsey Rees
clock 01 February 2023 • 1 min read
OVHcloud names new Northern Europe VP to drive channel growth

OVHcloud names new Northern Europe VP to drive channel growth

Emma Dennard says OVHcloud’s success in its home market of France can be emulated in the UK and Ireland

Kelsey Rees
clock 26 January 2023 • 1 min read
Cognizant to embark on Eastern European expansion with new acquisition

Cognizant to embark on Eastern European expansion with new acquisition

The deal shortly follows the onboarding of Cognizant’s new CEO

Kelsey Rees
clock 24 January 2023 • 2 min read