finance
Meta to Invest Over $1 Billion in Local Infrastructure for Data Center Expansion
Meta will spend more than $1 billion on local infrastructure upgrades tied to its data center expansion. The investment covers roads, utilities, and related facilities. Details were reported by @FirstSquawk.
Jul 13, 5:31 AM·1m read2 sources
FI
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Meta plans to invest more than $1 billion in local infrastructure improvements as part of its data center expansion. The spending targets roads, utilities, and supporting facilities in the areas where new data centers will be built.
The company stated the funds will support infrastructure needs created by the expansion. No timeline for the spending was provided in the announcement.
The data center expansion is the direct reason for the infrastructure investment. The company did not name specific locations or projects in the reported statement.
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CorroborationLimited · 2 sources
