Yondr Group Exits India Data Centre Market as Everstone Pursues Full Buyout
Yondr Group's Exit from India's Data Centre Market
Yondr Group has made the significant decision to exit the India data centre market, allowing Everstone to pursue a complete buyout of their joint venture. Established in July 2021, the venture aimed to create hyperscale data centres across the country with an estimated investment of $1 billion.
The Impact of Data Localization
This strategic exit comes amidst growing pressures surrounding data localization mandates in India. Major companies that will be affected include telecommunications giants like Reliance Jio Infocomm, Adani Group, and Airtel.
Everstone's Ambitious Plans
With Yondr's exit, Everstone is poised to leverage its position to expand and enhance its data centre capabilities. The firm’s focus on operational excellence is expected to align with the increasing demand for data storage and processing in the region.
Key Players in the Data Centre Landscape
- Yondr Group
- Everstone Group
- Reliance Jio Infocomm
- Adani Group
- Airtel
- Nxtra
This important shift emphasizes the competitive landscape of data centres in India and highlights the strategic moves made by firms to capitalize on the booming market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.