Teraco Data Environments, Tuesday, announced that it has increased the size of its medium-term funding facility to R400 million ($34.5 million) to build a larger data centre. The funding was secured from financial services company, Barclays Africa.
The newly secured credit will see to the construction of a larger new data centre in Johannesburg to meet unremitting client demand. The early phases of the construction is projected to commence in 2015.
“This 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,” said Jan Hnizdo, Teraco chief financial officer.
The Data centre operator has seen a rapid expansion in its network coverage over the last three years to include three state-of-the-art data facilities located in Durban, Cape Town and Johannesburg. They together comprise of 10 MVA of power plant, powering over 6,000m2 of data centre space.
“Barclays Africa has been an integral partner to the continued success of Teraco, they have been supportive and flexible with regards to our growth ambitions and understand our unique business model associated infrastructure funding requirements,” added Hnizdo.
Teraco offers its clients access to a secure environment where they are able to easily connect to submarine cable systems, local terrestrial networks, most major African IP backbones and key aggregation hubs.