Macquarie Telecom Group Limited (ASX: MAQ) is pleased to announce that its Macquarie Data Centres business has entered into a contract for the provision of approximately 10MW of capacity (IT Load) at its Macquarie Park Data Centre Campus.
As a result of the customer win, Macquarie’s total capex is expected to increase by $40 to $50 million this financial year, totaling $180 to $200 million. This is anticipated to create hundreds of new jobs over the year ahead.
David Hirst, Group Executive at Macquarie Data Centres said “We’re pleased to welcome the contract with this leading corporation and to provision 10MWs of IT load at IC3 East, our newest data centre located in the Sydney North Zone – and Australia’s answer to Silicon Valley – an area known for its cloud ecosystems and connectivity.
He continued “The IC3 East build is progressing well and we continue to expect completion in February 2021, on time and in budget. To secure an anchor tenant before the build is complete is testament to the quality of the MDC team and our strategy. Over 1MW of wholesale and corporate capacity remains available at opening on one whole floor with further options to expand within IC3 East.
“Today’s announcement furthers Sydney’s position as a regional data centre hub and Macquarie Data Centres as a significant operator in the market,” he concluded.
David Tudehope, Chief Executive at Macquarie Telecom Group commented “Macquarie’s 20-year strategy of investing in world class data centres is based on strong demand for data centre capacity as customers migrate to cloud and colocation services. This customer win recognises the world class investment we have made in the Macquarie Park Data Centre Campus in Sydney’s North Zone.”
This leading corporation’s contract details cannot be disclosed for confidentiality reasons.
The Company will provide updated guidance on the associated capital expenditure in an upcoming investor briefing later this month.
About Macquarie Data Centres
Macquarie Data Centres, part of ASX-listed Macquarie Telecom Group, is a data centre operator trusted by Fortune 500 companies, large multinationals, and the Australian Federal Government to provide secure, sovereign, and compliant data centre services.
Located in Australia, Macquarie Data Centres delivers a comprehensive portfolio of certified colocation, connectivity, and engineering services, ranging from a single rack to multi-megawatt hyperscale requirements.
Uniquely positioned to deliver orchestrated environments that are better connected and highly secure – with enterprise-scale efficiencies and the unrivalled IT engineering support of over 120 Government Cleared Personnel – Macquarie can customise any data centre design, to meet today’s needs and accommodate tomorrow’s growth.
Visit https://macquariedatacentres.com for more information.