Google will make an additional investment of €3 billion (US$3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.
According to Reuters, the investment plan includes an additional €600 million (US$661.2 million) investment in the Hamina data center in Finland, bringing the total investment in the site to €2 billion (US$2.2 million), Finland’s Prime Minister Antti Rinne told the joint news conference.
“This is fantastic news for Finland,” Rinne said.
Google already has one data center in Hamina, where it invested €800 million (US$881.6 million) to convert an old paper mill. It stated in May it would invest €600 million (US$661.2 million) in a new data center on the same site.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
PBMs Push Back Against FTC, Filing Lawsuit Over Regulatory Actions
Nov 21, 2024 by
CPI
Amazon Faces Legal Setback in Antitrust Lawsuit Over Pricing Practices
Nov 21, 2024 by
CPI
Google Allegedly Encouraged Evidence Destruction to Dodge Antitrust Scrutiny: Report
Nov 20, 2024 by
CPI
Veteran DOJ Prosecutor Joins Farella Braun + Martel as Partner
Nov 20, 2024 by
CPI
DuckDuckGo Urges EU to Expand Google Probes Over Compliance Issues
Nov 20, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI