NTT expects short-term margin pressure as competition grows in India data centre business

NTT, the world’s third-largest data centre service provider, said increasing competition in the sector in India will likely lead to short-term margin pressure as clients become pickier about using cloud services. In addition to global technology giants Microsoft and Amazon, many local companies have cropped up since the pandemic to build data centres in India. However, NTT said the increasing competition isn’t expected to be a threat beyond the current short-term margin pressure.