Teraco Taps Absa for $442 Million Loan for AI-Ready Facility [Yahoo! Finance Canada]
Digital Realty Trust, Inc. (DLR)
Last digital realty trust, inc. earnings: 2/13 04:50 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The facility will push Teraco's capacity to 228 megawatts, further cementing its position as the biggest data-center company operating in Africa, according to Chief Financial Officer Samuel Erwin. “We are building the new facility to the latest hyperscaler specifications that will include the flexibility to have liquid cooling to support artificial intelligence deployment,” Erwin said in an interview. “We are seeing demand and expecting demand for AI equipment that are power- and heat-intensive to increase.” The financing round led by Absa had participation from other large South African asset managers, said Erwin. In 2023, the company raised 11.8 billion rand to refinance debt and finish up another facility. That will go live in the first quarter of 2025, he said. Africa is home to the world's fastest growing, young, and increasing tech-savvy population, that's turning to the internet for services from banking to entertainment. This is driving demand
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DLR
Earnings
- 10/24/24 - Miss
DLR
Sec Filings
- 12/23/24 - Form 424B5
- 12/12/24 - Form 4
- 12/12/24 - Form 144
- DLR's page on the SEC website