Baltic: SEB Bank lends EUR 30mn to data centre operators DEAC, DLC

Latvian data centre operator DEAC and Lithuania’s Data Logistics Center (DLC) have obtained a ten-year loan of EUR 30mn from SEB Bank, The Baltic Times reports. The companies will use the funds to further expand their telecommunication infrastructure. DEAC will build a third data centre in Riga, while DLC will expand its data centres in Vilnius and its fibre-optic networks. DEAC and DLC are part of asset management company Quaero Capital’s investment firm, Baltic Rezo.