Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon [Reuters]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: Reuters
This caused a “data explosion”, said Anil Reddy, global CEO of Lumina, which is owned and managed by Blackstone, making this the next major investment for the private equity giant in India. “It's like you want to do everything from your laptop or your handheld device,” said Reddy, who is in talks with “hyperscalers” or large cloud service providers like Microsoft, Amazon, Google and Oracle. About two-thirds of Blackstone's data centre business in India will come from these companies, Reddy said, with the rest from industries like banking, healthcare and the government. By 2030 Blackstone plans to set up data centres in five Indian cities with a total capacity of 600 MW (megawatt), Reddy said, while declining to reveal the planned investment. Sujeet Deshpande, Lumina's CEO for India said during the same interview that the benchmark in India to build data centres is an investment of $6-$6.5 million per megawatt. Blackstone's plan comes as India steps up efforts to attract mor
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JLL
Earnings
- 2/27/24 - Beat
JLL
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- JLL's page on the SEC website