Teraco commits $73m to expand South African footprint | News


Africa’s largest data center operator, Teraco Data Environments, is planning to invest one billion rand ($73m) to expand its South African data centers, after securing a debt facility from Barclays Africa Group of up to 1.8 billion rand ($131.3m).

This is not the first time the financial services company backs Teraco: last year, it provided the operator with 1.2 billion rand ($90 million) to fund the company’s expansion in Isando.

Tera-go

Teraco building site near Johannesburg

Source: Teraco

The company’s chief financial officer Jan Hnizdo told Bloomberg that next year, by end of the current investment cycle, the company will have spent 4.5 billion rand ($327.9m) on infrastructure in South Africa. 

Launched in 2008 following the deregulation of the country’s telecoms…

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