Israel’s Bezeq Telecom in preliminary deal to form data centre joint venture

JERUSALEM: Bezeq Israel Telecom said on Thursday it has signed a preliminary agreement with commercial real estate company Adgar Investments and Developments to jointly establish a data centre in central Israel.

Each party will invest between 200 million shekels and 250 million shekels ($63.42 million-$79.28 million), Bezeq said in a statement.

The term of the project will be 24 years and 11 months from the date on which the building is made available, with a possible extension for Adgar.