Macquarie Telecom Group Limited (AU:MAQ) has recently announced a significant update regarding its acquisition plans. Through its Macquarie Technology Group Limited division, the company is set to acquire Intellicentre 2 and Intellicentre 3 East from Keppel DC REIT for a total of $174 million. This strategic acquisition aims to strengthen the company’s presence in the rapidly expanding cloud and AI markets.
To fund this acquisition, the Group has outlined its financing strategy. It plans to raise $100 million through a two-tranche placement at a discounted rate. In addition to this, the company will also secure a $90 million data centre loan note. This financial arrangement will allow Macquarie Telecom Group Limited to successfully complete the acquisition and further enhance its market position.
Despite the significant financial commitment towards this acquisition, the company remains confident in its financial outlook. Macquarie Telecom Group Limited has reiterated its EBITDA guidance for FY24, continuing its trend of consistent growth over the past decade. This reaffirmation of positive financial performance reflects the company’s strong strategic planning and operational efficiency.
Macquarie Telecom Group Limited continues to demonstrate its commitment to growth and innovation in the technology sector with this recent update. Investors interested in learning more about AU:MAQ stock and its performance can find valuable insights and analysis on TipRanks’ Stock Analysis page.
