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Spain’s Ferrovial To Build Microsoft Data Center In Madrid

Microsoft Corp (NASDAQ:MSFT) has authorized Spain-based infrastructure company Ferrovial SA (OTC:FRRVY) to build a data center near the Spanish capital. The contract could…
byAnusuya Lahiri
January 3, 2023
1 minute read
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  • Microsoft Corp (NASDAQ:MSFT) has authorized Spain-based infrastructure company Ferrovial SA (OTC:FRRVY) to build a data center near the Spanish capital.
  • The contract could be worth several hundred million euros, as Microsoft eyes several investments worth more than €12 billion ($12.75 billion) across 17 regions in Europe, Reuters reports citing a daily newspaper.
  • Also Read: Microsoft Cloud Introduces EU Data Boundary For Users In Phased Manner
  • Ferrovial will likely build the data center in San Sebastian de Los Reyes, some 20 km (12 miles) north of Madrid.
  • Microsoft eyed two projects in the Madrid region to develop cloud services such as Azure, Power Platform, Microsoft 365, and Dynamics 365.
  • Price Action: MSFT shares traded higher by 1.05% at $242.33 in the premarket on the last check Tuesday.
  • Photo Via Wikimedia Commons
 
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