Microsoft to build hub for cloud services in Greece

ATHENS: Microsoft Corp. is to build a data centre hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

Speaking at a virtual event in Athens on Monday, Microsoft President Brad Smith said the new hub would be beneficial to business, consumers and banks.

The size of the investment was not disclosed but government spokesman Stelios Petsas said that it would involve new infrastructure at a cost of 500 million euros and annual spending of 50 million euros in the coming years.