SA data centre company raises R1.2 billion for expansion

17-03-2017

Teraco has raised a medium-term funding facility from Absa amounting to R1.2 billion. Jan Hnizdo, chief financial officer for Teraco, said the money is earmarked for investment into the company’s data centre infrastructure. “We will use the funding to further invest in the Teraco campus in Isando,” said Hnizdo. “The site presently has 20MW of capacity, which needs to all be brought online.



Source: businesstech.co.za


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