Current Affairs
Streamcast denies allegations about investment in data centre in Malta

India’s Streamcast company, which will have a data centre in Malta, has issued a statement denying certain allegations in an article in Shift News, and which has been quoted in a Nationalist Party statement.

The company declared that the investment of some five million euro in the data centre has been made by the company and not by Enemalta, which only rented out the premises for the data centre in Marsa. Streamcast declared that not one single euro of this investment comes from either Enemalta or the Government. It added that the first phase of the project has been completed.

The statement further points out that over the past two years the Streamcast group has invested millions of euro in Malta in the technology and informatics sectors as well as in the hospitality sector, without seeking financial assistance from Government or Maltese institutions.

 

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