Etisalat Group and G42 Group have signed a binding agreement to merge 12 of the two groups' data centers into a new joint venture sponsored by Khazna Data Centers, which will be the largest provider of datacenters. Data in the UAE.
According to Arabiya Net, based on this agreement, Etisalat Group will own 40% of the data center safe, and 60% of the G42.
The agreement provides the two parties with the opportunity to increase the value of their infrastructure assets, improve operational performance and make the most of available resources without affecting the current relationship with customers and the leading commercial position of both companies. Khazna Data Center will continue to develop existing businesses and explore new business opportunities, both within the UAE and abroad.
