Orange, Morrison agree 50-50 French data centre venture
TL;DR: Orange and Morrison agreed terms for a 50-50 joint venture that will include Orange's data centre facilities in France.
Orange and New Zealand-based infrastructure asset manager Morrison agreed terms for a 50-50 joint venture that will incorporate Orange's data centre facilities in France. The source report did not state the financial terms or closing date.
The planned venture is focused on data centre capacity in France. The source report said the agreement is intended to support capacity growth, but it did not provide figures for the number of facilities, megawatts, or investment amounts.
Orange is a telecom group and Morrison is an infrastructure asset manager based in New Zealand. The source report identified the transaction as a joint venture covering Orange's French data centre assets.
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