NTT Global Data Centers, a unit of Japan's NTT Inc., is seeking at least $1 billion in fresh capital to fund multiple development projects in the United States [1, 2].
The company is collaborating with Citigroup to raise the funds by selling stakes in a new development company dedicated to its US data center expansions [1, 2]. The size of the equity offering could increase depending on investor interest, and NTT Global Data Centers may also arrange a credit facility to support financing [1, 2].
As the world’s third-largest data center provider outside China, NTT Global Data Centers is targeting long-term investors such as pension funds and infrastructure investment firms. It has already started sending marketing materials to these prospective investors to generate early interest [2].
A formal sale process to secure the capital is expected to begin within the coming weeks, signaling the company’s commitment to growing its footprint in the US data center market [2].
This fundraising effort was first reported in June 2026, with the collaboration between NTT Global Data Centers and Citigroup made public on June 11 [1]. Additional details followed on June 12, confirming the outreach to investors and the near-term start of a formal fundraising process [2].
The $1 billion capital raise aims to support NTT Global Data Centers’ ongoing efforts to expand its US operations amid growing demand for data infrastructure. The company’s ranking as the third-largest data center operator outside China underscores its significant role in global cloud and IT services [2].