- Telecommunications company DXN’s (DXN) Connected Farms Master Supply Agreement rollout will be delayed by six months
- All up, 15 modular data centres were set to be implemented across rural Australia over 18 months following an announcement in September last year
- The first two modular centres, which were set to be established in New South Wales and Queensland, have pushed project commencement back to the second half of this year
- DXN CEO Matthew Madden described the setbacks as”disappointing”, attributing the delays to huge demand from rural customers and a focus on setting up the company’s wireless network towers
- DXN shares are trading flat on the market at 1.8 cents each
Telecommunications company DXN (DXN) has the announced the rollout of its Connected Farms Master Supply Agreement will be delayed by six months.
All up, modular data centres were set to be implemented across rural areas of Australia over 18 months, subsequent to an initial announcement in September last year.
Under the agreement, DXN signed a deal with Connected Farms to supply fully engineered factory-built modular data centres for up to 15 sites across Australia.
Delays in establishing the first two modular centres, which were set to be based in New South Wales and Queensland, have pushed the project’s commencement back to the second half of 2021.
The overall project for up to 15 sites will therefore not be completed within 18 months, as indicated in the company’s September announcement.
DXN CEO Matthew Madden described the setbacks as”disappointing”.
Connected Farms CEO Tom Andrews attributed the delays to huge demands from rural customers and a focus on setting up the company’s wireless network towers.
“We have experienced a huge demand from our rural customers for Internet broadband and we have been focussed on getting our over the farm wireless network towers up to support broadband connectivity,” he explained.
“This has caused a delay in site finalisation for our modular data
centres with DXN,” he added.
DXN shares are trading flat at 1.8 cents each at 12:03 am AEDT.