MTel to buy building with largest data center in Central Europe
T-Systems Magyarország, a unit of Hungarian telco Magyar Telekom, has signed an agreement with real estate firm WING Group on making a 100% purchase of its ServerInfo-Ingatlan , in a deal given a EUR 14.4 million transaction value, according to reports. The sale is expected to be closed by the end of this year, but will need to be approved by the Hungarian Competition Authority (GVH).
Once complete, the Hungarian subsidiary of Germany’s Deutsche Telekom will acquire the property that is home to its own highly secure data center – the largest in Central Europe – with state-of-the-art technical infrastructure, Hungarian news agency MTI reported.
ServerInfo-Ingatlan manages the rentals and maintenance of the property, MTI added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.