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Microsoft’s Ballmer to Invest Billions in Cloud Data Centers

Microsoft Corp. will invest “billions” in data centers to handle increased use of cloud services, where information and software are stored remotely and accessed over the Internet, Chief Executive Officer Steve Ballmer said.

“The good news is that the cost of data centers is coming down,” Ballmer said at a joint press conference with Deutsche Telekom AG CEO Rene Obermann in Cologne, Germany today. Deutsche Telekom is investing about 700 million euros ($971 million) to 800 million euros in data centers every year, said Obermann.