Google investing €5.5 billion in Germany [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Yahoo! Finance
Google will invest €5.5 billion ($6.4 billion) in Germany over the next four years - its largest investment in the country to date, the US internet giant said on Tuesday. The California-based company's investment is "expected to secure around 9,000 jobs in Germany annually until 2029," the company announced in Berlin. The billions will fund the construction of a new data centre in the Hessian district town of Dietzenbach, Philipp Justus, head of Google Germany, said. The existing data centre in neighbouring Hanau as well as Google's locations in Munich, Frankfurt and Berlin are to be expanded. Vice Chancellor and Finance Minister Lars Klingbeil praised Google's plans as "genuine investments in the future in innovation, artificial intelligence, climate-neutral transformation and future jobs in Germany." "That's exactly what we need right now," he said. Germany as top location for European data centres Digital Minister Karsten Wildberger said the US firm's announcement sh
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