Home > Communication > 5G > 5G Networks Buys Datacentres

5G Networks Buys Datacentres

ASX-listed datacentre operator 5G Networks is to acquire Australian Pacific Data Centres (APDC), including its Pyrmont datacentre in Sydney, for $3.5 million cash.

According to 5GN, the acquisition will unlock “significant opportunities” for revenue growth, as well as cost savings and operational synergies.

It will lift its datacentre capacity to more than 600 racks across interconnected datacentres in Melbourne, Sydney and Adelaide.

5GN says it will also expand its fibre network to connect clients and other datacentres in the CBD and inner metro areas of Sydney and it will explore the opportunity to offer dark fibre to its larger corporate customers and wholesale partners.

You may also like
Australian Video Game Development Industry Up 21% To $143.5m
Amazon Launch Network Of Delivery Hubs In Oz
Govt. 5G Inquiry Goes North
Telstra Calls On Government To Invest More On 5G Rollout
Call To Ban Google Fitbit Deal