At a time of enterprises focusing on cloud adoption strategies , Teraco is making significant investments in providing access to digital infrastructure that is both resilient and highly flexible . This offers enterprises the ability to scale as network strategies evolve in a world where fast and secure interconnection with strategic business partners is a source of competitive advantage . |
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Teraco Data Environments Proprietary Limited , Africa ’ s largest interconnection hub and vendor-neutral data centre provider , has announced a new R2.5 billion loan financing transaction . This follows Teraco ’ s November 2020 announcement regarding its construction of a new 38 MW hyperscale data centre in Ekurhuleni , east of Johannesburg , South Africa . Teraco will use the funds raised together with internally generated cash to finance the build . The new transaction cements Teraco ’ s commitment to continuing investment in the region ’ s digital infrastructure and expanding Africa ’ s largest data centre platform . Teraco ’ s newly appointed Chief Financial Officer , Samuel Erwin , said that the shareholders and lenders of Teraco have a long-term vision for Africa ’ s Digital Transformation and support its continued investment in data centre infrastructure to serve the sub-Saharan African market . Erwin joined the company in 2020 , bringing with him a wealth of corporate and investment banking experience where he led a team responsible for providing debt financing to clients across the African continent .
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Teraco ’ s newly appointed Chief Financial Officer , Samuel Erwin
He said that this funding round , and continued investments in data centre construction , align with Teraco ’ s support of the South African Government ’ s investment drive and Teraco ’ s 2020 commitment to invest billions of Rands into South Africa ’ s digital infrastructure .
The funding transaction , led by Absa , includes several large institutions that have joined the lending group , with a view to creating long term partnerships that will support Teraco ’ s future
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Organisations working to accelerate their Digital Transformation utilise Teraco to scale their IT infrastructure , adopt hybrid and multi-cloud architectures and interconnect with strategic business partners within the Platform Teraco ecosystem of over 600 global and local clients .
Platform Teraco provides enterprises with a direct private connection to all leading cloud providers in the most latency efficient , secure and resilient manner possible . Enterprises can deploy their private , public and hybrid cloud strategies on Platform Teraco , which allows for complete freedom of choice from a cloud provider perspective , as well as significantly reducing the time and cost for enterprises to access these cloud platforms . ◊
ABSA HAS CONTINUED ALONG THE GROWTH PATH WITH TERACO . |
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