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Japanese major NTT to invest Rs 620-crore in new data centre in Mumbai

April 23, 2015Daily NewsBy wp-admin

Tokyo-based telecom giant NTT Communications is planning to open a new data centre through its subsidiary Netmagic in Mumbai by the end of current calendar year with an investment of $100 million.

Netmagic Solutions, a managed services provider, was acquired by NTT Communications in 2012. NTT, which offers voice and video solutions and network services to customers, holds a 74% stake in Netmagic, which is currently growing at around 35% annually.
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