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Australia’s Aware Super purchases risk in European fiber system to touch AI boom


(Reuters) – Australian pension plan fund Aware Super stated on Tuesday it has actually gotten a minority risk in London- headquartered data transfer framework business euNetworks, in a proposal to use the expert system boom.

It purchased euNetworks using a car led by international framework and genuine possessions supervisor Stonepeak, and others consisting of Investment Management Corporation of Ontario and APG Asset Management.

Aware Super, which takes care of A$ 180 billion in possessions, did not expose the dimension of its risk or the financial investment quantity.

EuNetworks has and runs deep fiber networks in 18 cities in Europe, along with a long run network throughout a number of nations in the area. It straight attaches over 542 information centres.

The bargain comes in the middle of expanding passion and need for information centres, which are important to the increase of generative AI.

“EuNetworks was a strong first step for expanding the Fund’s digital infrastructure portfolio into new markets,” stated Katya Romashkan, Aware Super Portfolio Manager– Infrastructure.

($ 1 = 0.8953 euros)

(Reporting by Ayushman Ojha; Editing by Mrigank Dhaniwala and Shinjini Ganguli)



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