Teraco, Africa's largest carrier and cloud-neutral colocation data centre and home to NAPAfrica, Africa's largest Internet exchange point (IXP), today announced it has raised a medium-term funding facility from Absa amounting to R1.2 billion.
Teraco's Chief Financial Officer, Jan 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 Teraco Campus in Isando. The site presently has 20MWs of capacity, which needs to all be brought online. We have also purchased land adjacent to the existing site, allowing for further expansion. In addition, a component of the funding has also been earmarked for the construction of Teraco's new data centre in Bredell."
Hnizdo says the Bredell site has 24MW of power and more than 6 000m2 of technical deployment space, and will eclipse the existing Teraco Campus from a power availability perspective: "Bredell will be the largest commercial data centre in Africa and Teraco the largest commercial data centre operator in Africa."[Full Story.]