Teraco Data raises $90m for African data centre rollout
17 March 2017 |
Teraco Data, the largest provider of data centre services in Africa, has raised R1.2bn ($90m) from Barclays Africa Group to build out its infrastructure.
The privately-held business will use some of the money to build a new data centre in eastern Johannesburg by the end of this year, according to a statement issued by the company.
Barclays Africa Group said that the company “understands our unique business model and the associated infrastructure funding requirements and timelines,’’ chief financial officer Jan Hnizdo said.
Hnizdo, says this is another significant milestone for Teraco and that the funding is earmarked for further investments into data centre infrastructure: "We will use the funding to further invest in the
Hnizdo says the Bredell site has 24MW of power and more than 6,000 square metres of technical deployment
Local reports confirm that wireless operators, including South African market leaders MTN Group and Vodacom