Tulip Telecom has set up a data centre in Bangalore.
The centre named - Tulip Data City – spread over 9 lakh sq ft, has come up at a total investment of Rs 900 crore. The company has made an immediate investment of Rs 230 crore and has secured loans for Rs 50 crore from leading banks. The company is planning to raise another Rs 250 crore through debt, Rs 250 crore through equity and will fund the rest using internal accruals.