The European Investment Bank (EIB), has granted OVHcloud, a European leader in cloud computing, dedicated funding for its investments in Europe.
This €200 million credit facility demonstrates the EIB’s determination to actively support European digital players. This commitment is in line with the EU’s priorities for strategic autonomy in the field of new technologies.
Complementary financial resources for a key sector
This first financing for a pure cloud player, for a maximum amount provided by the European Investment Bank (EIB), is intended to support the OVHcloud’s Group’s expansion in Europe, where it is positioning itself as a champion of an open, reversible, transparent and federated cloud ecosystem, all the while promoting the full and complete sovereignty of users over their data.
In a booming market, OVHcloud intends to accelerate its international deployment with the opening of 15 new data centres by the end of 2024 in order to address new markets and new geographies and demonstrate its progress in terms of sustainable development. As such, 10 of these 15 new sites will open in Europe over the next 24 months.
This support actively contributes to the efforts undertaken by European public decision-makers to strengthen Europe’s strategic autonomy in its digital infrastructures and particularly in the key activities of research and development and production, in a market that may exceed that of telecoms by 2027.
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