Teraco gets US$167.2m loan funding for data centre construction

SOUTH AFRICA – Africa’s largest interconnection hub and vendor-neutral data centre provider Teraco Data Environments Proprietary Limited, has announced that it has finalised a new US$167.2 million loan financing transaction led by Absa. The loan follows Teraco’s announcement in November 2020 regarding its construction of a new 38-megawatt hyperscale data centre in Ekurhuleni, east of Johannesburg, South Africa. Teraco will use the funds raised together with internally generated cash to finance the building of the data centre. The new transaction cements Teraco’s commitment to continuing investment in the region’s digital infrastructure…

Read More

South Africa’s Datatec acquires IT business Mars Technologies

SOUTH AFRICA – Johannesburg based information and communication firm Datatec Group, through its subsidiary – Logicalis SA – has acquired Mars Technologies, an information technology (IT) services business, for an undisclosed amount. Logicalis SA is a division of the Logicalis Group, the international IT solutions and managed services provider as part one of the three divisions under Datatec, which also include Westcon International and consulting and financial services divisions. Logicalis Group has footprints across the globe with operations in Europe, North America, Latin America, Asia Pacific and Africa while Mars…

Read More