2014
04/30

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Secured Financing

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CORRECTED-US data centre firm in venture with Egyptian tycoon

(Corrects background on Global Telecom Holding as company is no
longer part of Sawiriss business empire)

CAIRO, March 12 (Reuters) – US-based data centre firm
Switch SUPERNAP has set up a joint venture with specialist
investment companies in Egyptian tycoon Naguib Sawiriss
telecoms empire to win business in Europe, Asia and the
Americas.

The joint venture with Accelero Capital and Orascom TMT
Investments will build and operate data centres for clients such
as cloud computing, internet and financial firms, its chief
executive said on Wednesday.

The Luxembourg-based company will target SUPERNAPs existing
clients, which include Google and Ebay, CEO
Khaled Bichara told Reuters.

Bichara, who is also CEO of Accelero Capital, said data
transmission speed and regulatory issues may attract clients to
locally built data centres.

Were going to countries and we tell (potential clients) if
you want to host your server and your data in such an
environment you dont have to go all the way to the US, he
said.

Operations outside the United States are expected to start
next year and the privately held company is confident it has
secured financing for ten large data centres, each around
230,000 square feet (21,370 square metres) in size, Bichara
said.

Details of the first contracts in two countries would be
announced within three months, Bichara said, without
elaborating.

Bichara declined to say how much money has been put into the
joint venture or how much revenue he expected once it starts
operating.

Bichara is a former CEO of Orascom Telecom Holding – now
Global Telecom Holding.

Luxembourg-based Orascom TMT Investments is a majority
shareholder of Cairo-listed Orascom Telecom Media and Technology
, which lists Sawiris as its executive chairman and
Bichara as a non-executive board member.

(Reporting By Shadia Nasralla; Editing by Erica Billingham)

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