Join our daily newsletter At The Bell to receive exclusive market insights
- Australian telecommunications company 5GN Networks (5GN) has purchased the North Sydney Data Centre for $2 million
- This purchase will enable 5GN customers to gain access to a high-speed data network by connecting to an unused fibre network
- The North Sydney Data Centre currently hosts over 120 data centre racks and once the purchase is finalised, more than 720 racks will be at the centre
- 5GN’s share price is on the rise today with shares currently trading for 98 cents apiece
Australian telecommunications company 5GN Networks (5GN) has acquired the North Sydney Data Centre (NSDC) for $2 million.
This purchase will enable 5GN customers to gain access to a high-speed data network by connecting directly to the data centre via an unused fibre once the new roll-out is complete.
Cross-selling of infrastructure aligns with 5GN’s focused acquisition and growth strategy of identifying valued opportunities for expanding its fibre network and cloud services, establishing further opportunities for revenue growth, and extending its infrastructure capacity.
The NSDC is currently home to over 120 data centre racks with utilisation at 32 per cent, however, this acquisition will expand the capacity to over 720 racks.
The NSDC facility has been purpose-built with 1 megawatt of site power availability, cooling and power generators installed, and geo-diversity in network access.
The acquisition will not only accelerate the continued execution of 5GN’s wholesale channel strategy it will also open new opportunities by offering its national data network and cloud services to existing NSDC customers which include IT providers, carriers and hardware vendors.
“The Sydney market is well supported by several larger tenants, who have a significant appetite for data centre space, as a result of the growing requirement for digital infrastructure to support the explosive adoption of cloud services,” 5GN Managing Director Joe Demase commented.
“Through continued investment in 5GN’s fibre rollout, our Sydney data centres will be connected to a nationwide 10GB data footprint, which offers dedicated and secure access coupled with enterprise-grade performance,” he added.
5GN’s share price is on the rise today with shares trading for 98 cents apiece at 1:38 pm AEDT.
