- DXN (ASX:DXN) has entered an agreement to purchase DC3, a data centre in Tasmania, for nearly $3 million
- DC3 provides services to the Tasmanian Government and is one of only three commercial data centres in the state
- The company says this is an example of how it will deliver to be Australia’s leading-edge data centre operator
- Over the past year, data consumption on the nbn network has increased by almost 25 per cent, this shows the potential growth opportunity in the Tasmanian market
- In order to pay for the purchase, DXN announced an entitlement issue to raise $6 million
- On market close, DXN is down 10.6 per cent and is trading at 4.2¢ apiece
DXN (ASX:DXN) has entered into an agreement to purchase DC3, a data centre in Hobart Tasmania, from TasmaNet for $2.7 million.
The company says the agreement includes assets and customer revenue and is an example of how it will deliver to be Australia’s leading-edge data centre operator.
“Our plan is to continue to expand our carrier-neutral Edge data centre footprint in Australia and New Zealand,” DXN CEO Matthew Madden said.
“This target will be achieved by developing new greenfield modular data centres, such as our new Sydney DC and/or acquiring existing operating data centres such as DC3,” he added.
DC3 provides services to the Tasmanian Government and is one of only three commercial data centres in the state.
Under the agreement, TasmaNet will sign a national customer agreement with DXN with a minimum commitment of $860,000 per annum for three to five years.
“We are delighted to be working with DXN and providing ongoing support and sales activity for this data centre and other data centre’s that DXN roll out,” TasmaNet CEO Elizabeth Aris said.
“The Hobart data centre has a strong customer base including key sovereign clients and we are experiencing very solid annual growth, which is expected to increase in line with nbn growth,” she added.
Over the past year, data consumption on the nbn network has increased by almost 25 per cent, this shows the potential growth opportunity in the Tasmanian market.
In order to pay for the purchase, DXN announced an entitlement issue to raise $6 million.
On market close, DXN is down 10.6 per cent and is trading at 4.2¢ apiece.