Iberdrola, Echelon Form JV to Develop Data Centers in Spain
Echelon — backed by US private equity firm Starwood Capital Group LLC — will own 80% of the new company, while Iberdrola's CPD4Green unit will hold the rest, according to an emailed statement Monday. Iberdrola will guarantee a constant supply of electricity to the new facilities and pinpoint land already connected to the power grid where centers can be built. The statement confirmed an earlier Bloomberg report.
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Streamer Zeam Acquires NewsOn Platform From Sinclair Broadcast Group
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