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Teraco Data Environments Proprietary Limited, one of Africa’s largest vendor-neutral data centre and interconnection services providers, has announced the completion of the JB3 data centre facility, located within the Isando Campus in Ekurhuleni, east of Johannesburg, South Africa.   The company says its new billion-dollar facility represents a strategic addition to Platform Teraco, which offers […]

Teraco gets R2.5 billion to build the biggest data centre in Africa Subscribe Teraco has secured R2.5 billion in financing for the construction of its new 38MW data centre in Ekurhuleni, South Africa. The facility is called JB4 and will be the largest data centre in Africa once it is built. The company said these funds will be used together with its own money to finance the building of the facility. “Teraco will use the funds raised together with internally generated cash to finance the build,” Teraco said. “The new transaction cements Teraco’s commitment to continuing investment in t...

02 February 2021 | Abigail Opiah Teraco Data Environments Proprietary Limited has finalised a $166.6 million (R2.5 billion) loan financing transaction. This follows the company’s announcement in November 2020 regarding its construction of a new 38MW hyperscale data centre in Ekurhuleni, east of Johannesburg, South Africa. Teraco said it will use the funds raised together with internally generated cash to finance the build and plan on continuing its investment in the region’s digital infrastructure. Teraco’s newly appointed Chief Financial Officer, Samuel Erwin, said that the sh...