- 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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