Billionaire Fredriksen invests in Norway data centre, transatlantic cable [Reuters]
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Source: Reuters
Billionaire Fredriksen invests in Norway data centre, transatlantic cable | Reuters 2 Min Read OSLO, June 20 (Reuters) - Billionaire investor John Fredriksen has agreed to buy a stake in Bulk Infrastructure AS, which plans to build a large data centre in his native Norway as well as a transatlantic fiber-optic cable, the company said on Wednesday. Fredriksen’s Geveran Trading and Bulk’s founder and chief executive Peder Naerboe jointly committed to invest 400 million Norwegian crowns ($49 million), it added. Fredriksen’s business empire includes the world’s largest salmon farmer Marine Harvest, offshore drilling firm Seadrill and oil tanker company Frontline, among others. Naerboe said he would retain a majority stake following a share issue of between 400 million and 550 million crowns, but declined to say how much Fredriksen had agreed to invest. Bulk Infrastructure plans to increase by tenfold the size of its current data centre in Kristiansand in southern Norway to a capacity of a
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