Bezeq and Edgar to build data center in Petah Tikva with NIS 450 million investment

In depth

Bezeq and Edgar are joining forces to build an underground data center in Petah Tikva, on an area of about 14 thousand square meters with an initial electricity capacity of 16 megawatts. According to Bizportal, the companies signed a memorandum of understanding to build the facility. According to Bizportal and Maariv, the investment stands at NIS 450 million. According to Globes, the investment is estimated at up to NIS 250 million per side.

The facility is expected to begin operating in 2028. According to Bizportal, it is expected to yield Bezeq Group annual revenue of NIS 50-80 million and EBITDA of NIS 25-40 million, depending on the pace of occupancy. According to Globes, Lior Vider said: "A correct and necessary move that opens a new revenue channel for Bezeq without real estate risks".