Yondr Group partners with Everstone Group for data centres in India

Yondr Group, a global developer and service provider of hyperscale data centres, has created a strategic joint venture partnership with Everstone Group. Working under the brand name EverYondr, the Mumbai facility will supply 30MW by 2023 and 60MW of IT capacity when completely developed, according to the company's statement. With an initial capitalisation of $ 1 billion, the joint venture will help hyperscale clients and support the rapidly developing Indian market, the size of which is predicted to surpass $4.5 billion by 2025. The investment will be utilised to finance the development and operation of multi-locational hyperscale data centre business over major geographies in India, comprising the metros of Mumbai Metropolitan Region, Chennai, Hyderabad, Bangalore and National Capital Region (Delhi), added the statement. In recent years India has experienced significant digital transformation, with active internet user numbers touching 525 million in 2019, representing yearly growth of 19.2%. Low-cost smartphones and cheap data tariffs have further increased the shift to digital, with data consumption rising 37-fold, from 0.26GB to 9.8GB per user between 2014 and 2018. With a population of over 1.3 billion and data consumption per user forecast to touch 18GB per user by 2024, India denotes a significant market opportunity, excelled only by the UK and the US, the statement said. Image Source Also read: Brookfield, Digital Realty to jointly develop data centres in India Also read: Bharti Airtel to pump Rs 3,500 cr to expand data centre capacity