Bezeq, Adgar plan up to NIS500m Petah Tikva data center
Bezeq and Adgar Investments have signed a non-binding memorandum of understanding to jointly develop a data center in Petah Tikva with capacity of at least 16 MW.
The companies plan to split the project’s revenue, expenses, and investment equally, with each expected to contribute between NIS 200 million and NIS 250 million. Adgar will provide the land and physical infrastructure, while Bezeq will supply the technology, oversee the technical setup, and manage operations and marketing.
The project will be developed in Petah Tikva’s Kiryat Arye industrial zone. Adgar has already secured approval for a 16 MW electricity connection, while the parties have entered a 90-day exclusivity period to negotiate a detailed agreement.
Commercial operations are targeted for 2028. Once occupancy builds, Bezeq expects the facility to generate annual revenue of approximately NIS 50-80 million and operating cash flow of NIS 25-40 million.
Read more in Globes.
