{"id":85436,"date":"2025-03-27T00:00:00","date_gmt":"2025-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/27\/e-finalizes-its-exit-from-data-centers-firm-khazna\/"},"modified":"2025-03-27T00:00:00","modified_gmt":"2025-03-27T00:00:00","slug":"e-finalizes-its-exit-from-data-centers-firm-khazna","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/27\/e-finalizes-its-exit-from-data-centers-firm-khazna\/","title":{"rendered":"e& finalizes its exit from data centers firm Khazna"},"content":{"rendered":"

<\/strong>e& successfully<\/strong> exists<\/strong> Khazna:<\/strong> Telecom company e& completed the divestment of its stake in Khazna Data<\/a>Centers<\/a> for USD 2.2 bn, it said in a statement (pdf)<\/a>. The USD 1.4 bn in proceeds will be used for debt reduction, and will be reflected in 1Q financials. <\/p>\n

Background:<\/strong> We reported last month<\/a> that e& is selling its 40% stake, while Abu Dhabi\u2019s AI fund MGX and private equity firm Silver Lake are buying minority stakes in the company, alongside majority shareholder G42. <\/p>\n

Not completely out: <\/strong>The telecoms giant will continue to be a \u201cstrategic partner\u201d and a major tenant of Khazna\u2019s services, the statement said.<\/p>\n

Khazna is on an expansion push: <\/strong>Khazna is among a group of companies that have recently<\/a>committed<\/a> to a 2 GW data center push in Italy. The company, alongside Beeah Group, is also setting up the largest Tier III data center<\/a> at the Sharjah Freezone for Communication Technologies in Kalba, and is developing the UAE\u2019s largest data center<\/a> in Ajman with a capacity of 100 MW. <\/p>\n","protected":false},"excerpt":{"rendered":"

USD 1.4 bn in proceeds will be used for debt reduction, and will be reflected in 1Q financials<\/p>\n","protected":false},"author":1,"featured_media":85437,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[110,137,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-data-centers","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"cb81fd28-ecf8-4156-836e-50ed06604fa7","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2489.jpg","photo_position":"above","homepage_title":"","full_issue_title":"e& finalizes its exit from data centers firm Khazna","related_issue":[85431],"teaser":"USD 1.4 bn in proceeds will be used for debt reduction, and will be reflected in 1Q financials","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c2e25a5e-4ea4-4060-a999-eea07a4b7561.mp3"},"yoast_head":"\ne& finalizes its exit from data centers firm Khazna - 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