Teraco raises R400 million for new Joburg data centre

·27 Jan 2015

Data centre provider Teraco says it has increased the size of its medium-term funding facility to R400 million, from financial services company, Barclays Africa.

“This is a further significant milestone for Teraco. This facility, together with internally generated funds are earmarked for continuing our large scale investments into Data Centre Infrastructure roll-outs,” said Teraco chief financial officer, Jan Hnizdo.

He said that the Barclays Africa funding facility will allow for the construction of a large new data centre in Johannesburg to meet continued client demand.

The initial phases in the construction of the JB2 facility are projected to commence in 2015.

Teraco announced in December that it was bought up by London-based international private equity firm, Permira.

The group builds and operates colocation data centre facilities that enable clients to deploy telecommunications equipment and other key IT infrastructure in a scalable way.

Clients are also able to connect to submarine cable systems, local terrestrial networks, most major African IP backbones and key content aggregation hubs.

Teraco has seen a rapid expansion in its footprint over the last three years to include three state-of-the-art data centres located in Cape Town, Durban and Johannesburg, which combined, comprise 10 MVA of power plant, powering over 6,000m2 of data centre space.

Teraco is also home to NAPAfrica, Africa’s largest neutral layer-two Internet exchange point (IXP), a home to more than 180 peers across sub-Saharan Africa.