Africa’s leading data centre provider, Teraco announced the expansion of its Teraco Isando Campus (JB1) as the company sees stimulus in demand for data centre capacity driven by cloud adoption and enterprises requirements.
The company intends to lead this expansion in two phases. Phase 1 that is currently underway, will grow the facility by 2 000 cabinets bringing the total JB1 Campus capacity to 5 700. Total usable floor space will increase by 4 000 square meters, expanding to a total of 12 000 square meters by Q3 of next year.
Jan Hnizdo, Chief Financial Officer at Teraco
Jan Hnizdo, Chief Financial Officer at Teraco says that he sees continued demand for Teraco’s services given the unique business model and secular growth trends as the African continent continues to digitally transform. The Teraco Campus expansion follows on from the recently launched Riverfields hyperscale data centre facility in Bredell.
Hnizdo says that funding for the build is via a combination of internally generated funds and enlarging existing debt facilities from R1.2bn to R1.8bn: “Our debt funding partners, Absa, continue to be highly supportive of our business model and are key partners in Teraco’s growth strategy”.
In a statement company claims that Teraco platform offers enterprises to have direct private connections to all the leading cloud providers in the most latency efficient and resilient manner possible. Enterprises can deploy their public, private and hybrid cloud strategies from the Teraco platform, which allows for complete freedom of choice from a cloud provider perspective, as well as significantly reducing the time and cost for enterprises to access these cloud platforms.
“Teraco continues to invest significantly into the region’s ICT infrastructure and has built, what is now, Africa’s largest data centre. We take pride in our vendor neutral offering, with open access to interconnection and world class resilient data centre infrastructure for all our clients”. Hnizdo concludes.
