Spain's Ferrovial To Build Microsoft Data Center In Madrid

Microsoft Corp MSFT has authorized Spain-based infrastructure company Ferrovial SA FRRVY to build a data center near the Spanish capital.
The contract could be worth several hundred million euros, as Microsoft eyes several investments worth more than €12 billion ($12.75 billion) across 17 regions in Europe, Reuters reports citing a daily newspaper.
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Ferrovial will likely build the data center in San Sebastian de Los Reyes, some 20 km (12 miles) north of Madrid.
Microsoft eyed two projects in the Madrid region to develop cloud services such as Azure, Power Platform, Microsoft 365, and Dynamics 365.
Price Action: MSFT shares traded higher by 1.05% at $242.33 in the premarket on the last check Tuesday.
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