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.<\/p>\n
\u201cThis 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,\u201d said Teraco chief financial officer, Jan Hnizdo.<\/p>\n
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.<\/p>\n
The initial phases in the construction of the JB2 facility are projected to commence in 2015.<\/p>\n
Teraco\u00a0announced in December that it was bought up by London-based international private equity firm, Permira.<\/p>\n
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.<\/p>\n
Clients are also able to connect to submarine cable systems, local terrestrial networks, most major African IP backbones and key content aggregation hubs.<\/p>\n
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.<\/p>\n
Teraco is also home to NAPAfrica, Africa\u2019s largest neutral layer-two Internet exchange point (IXP), a home to more than 180 peers across sub-Saharan Africa.<\/p>\n
Teraco sold to private equity firm<\/strong><\/a><\/p>\n Teraco continues growth path<\/a><\/strong><\/p>\n Teraco adds third data centre in Cape Town<\/a><\/strong><\/p>\n