Microsoft cleared to spend $100m-plus on data centres

Wed, 16 Sep 2020

The Overseas Investment Office has approved Microsoft’s plans to spend more than $100 million buying land and business assets to set up a data centre region in New Zealand.The office said the decision was approved on Aug. 25 allowing the global tech giant to buy land and assets from a number of different data centre service providers and property owners. The transactions haven’t been confirmed, but the OIO said they will exceed the $100 million threshold that requires its approval in ordinary times.Emergency pandemic legislation gav...

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