Microsoft has acquired three land parcels in Hyderabad and will reportedly launch a data center. For this, the tech giant has spent a whopping Rs. 275 crores.
The company already has its operations running in Pune, Mumbai, and Chennai, which have already been up and running for the last 5 years now, and Hyderabad will be an addition to these.
Microsoft Acquires Rs 275 Cr Land In Hyderabad
For the Hyderabad data center, Microsoft has acquired 22-acre in Mekaguda for around Rs 40 crore, 41-acre in Shadnagar for Rs 164 crore, and 52-acre in Chandenvelly for Rs 72 crore.
According to sources close to the matter, Microsoft is planning to expand its data center business and will develop one of the biggest data centers in the region. Several state governments have already announced incentives to encourage companies to invest in data centers and have attracted investment from multinationals.” Cushman & Wakefield, an international property consultant, facilitated the transaction.
In a statement issued by Microsoft, it has been confirmed that the new data center in Hyderabad will “deliver advanced data security and cloud solutions that will help enterprises, start-ups, developers, education, and government institutions.”
On Monday, the company announced its decision to establish its largest data center region in the country in Hyderabad, Telangana. It will reportedly be on the land in Chandenvelly, spread over 52 acres.
Microsoft Contributed Additional $9.5 Billion To Indian Economy.
As per IDC, the data center regions of Microsoft in India have contributed to an additional $9.5 billion of accumulated net-new revenue to the economy, over 5 years (2016-2020).
Customers will reportedly get quicker access to the entire Microsoft Cloud, which includes Microsoft Azure through the new data center region. This will help deliver trusted cloud services locally and offer world-class data security, privacy, sustainability, and the ability to store data in-country.
Microsoft announced recently that it will spend $68 billion, or roughly Rs 5 lakh crore, to acquire Activision Blizzard. Microsoft will thus pay $95 per share (Rs 7000) to acquire this gaming giant. This is Microsoft’s second largest acquisition after Linkedin for $26.2 billion (roughly Rs 2 lakh crore).
After this acquisition, Microsoft has beaten Nintendo to become the world’s 3rd biggest gaming company after Tencent and Sony.