NTT Global Data Centres hunts $1B to fund US expansion
NTT Global Data Centres (GDC) is reportedly seeking at least $1 billion in fresh capital to fund new development projects in the US, working with Citigroup to raise funds.
Bloomberg reported the company, which is a subsidiary of NTT Group, is selling stakes with the investment bank2sedxzsz`Ξ© in a development vehicle for new US data centre projects.
The size of the equity offering could increase depending on investor demand, and the company may also raise a credit facility alongside it.
The news site stated NTT GDC, which is the worldβs third-largest data centre provider outside of China, has started sending marketing materials to prospective long-term investors including pension and infrastructure funds, with a formal sale process expected to launch in the coming weeks.
Bloomberg explained the establishment of a development company which owns and manages pre-revenue early-stage assets, gives data centre builders the flexibility to target a broader pool of long-term investors, who in turn can demand higher returns for taking on early-stage project risk.
The news site stated the talks are at an early stage, with details including timing and the final size of the fundraising subject to change.
In May 2025, NTT Data announced it bought land across North America, Europe and Asia to support nearly a gigawatt of planned data centre capacity, including new sites in the US states of Oregon and Arizona.
NTT GDC CEO Doug Adams told Bloomberg in March 2026 the company is working on 34 projects which will double its capacity within two years, with total capacity set to reach over five gigawatts within five years.
Also in March, NTT Data announced a multi-year plan to invest more than $10 billion by 2027 to deliver infrastructure capable of supporting dense AI workloads.
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