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Macquarie Telecom ramps up datacentre investment after customer win

Macquarie Telecom ramps up datacentre investment after customer win

Expects to spend about $15 million in mechanical, plant and equipment to help meet customer demand

Macquarie Telecom CEO, David Tudehope

Macquarie Telecom CEO, David Tudehope

ASX-listed Macquarie Telecom (ASX-MAQ) has added a new customer to provision data centre services.

The deal with the unnamed ‘Fortune 100’ customer, involves a six year contract to provide up to 2.5MW of capacity.

As a result, Macquarie will invest about $15 million at its Intellicentre 2 (IC2) data centre in mechanical, plant and equipment in stages in the next 20 months to expand its capacity to help meet demand.

The customer is expected to be active in third quarter of FY17.

During its half-year FY16 presentation, Macquarie Telecom CEO, David Tudehope, said its commitment to customer service translated into strong customer retention and revenue growth, and it was also leveraging its investments in its data centre facilities in Sydney and Canberra to drive profit growth.

At the time, the company reported revenue rose five per cent to $100.1 million and EBITDA increased 32 per cent to $15.6 million. Net profit after tax was $2 million, up from a net loss of $2.5 million at the same time last year.

Full year EBITDA is expected to sit in between $31 to $33 million.

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