## Jio's Mumbai Data Center Deal: What You Need to Know Mumbai, India - October 13, 2023 - Jio Platforms Limited, a subsidiary of Reliance Industries Limited, has signed a definitive agreement to acquire a data center in Mumbai from Sify Technologies Limited for a total transaction value of Rs 3,440 crore (US$453 million). The data center, located in Navi Mumbai's Airoli area, has a total capacity of 20 megawatts (MW) and will be used to house Jio's servers and other infrastructure. The acquisition will provide Jio with a significant boost in its data center capacity, which is critical for the company's growth plans as it seeks to expand its 5G network and other digital services. ### Key Benefits of the Acquisition for Jio - Increased data center capacity to support the growth of Jio's 5G network and other digital services. - Improved network performance and reliability for Jio's customers. - Reduced latency and improved customer experience for online gaming, streaming, and other data-intensive applications. - Enhanced security and compliance for Jio's data and infrastructure. - Competitive advantage in the growing Indian data center market. ### What the Deal Means for Mumbai The acquisition of the data center in Mumbai will have a number of positive impacts on the city, including: - Increased investment in Mumbai's digital infrastructure. - Creation of new jobs in the data center and IT sectors. - Boosted economic growth for Mumbai and the surrounding region. - Improved connectivity and access to digital services for Mumbai's residents and businesses. ### Conclusion Jio's acquisition of Sify's Mumbai data center is a significant development that will strengthen the company's position as a leading provider of digital services in India. The deal will also have a positive impact on Mumbai, increasing investment in the city's digital infrastructure and creating new jobs in the data center and IT sectors. As Jio continues to expand its 5G network and other digital services, the new data center will play a vital role in supporting the company's growth plans and delivering a superior experience for its customers.
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