NextDC sells APDC stake

Thursday 4 July 2013 | 02:36 CET | News
Australian data centre operator NextDC has sold its 23 percent holding in APDC (Asia Pacific Data Centre Group). The holding was acquired as part-consideration for the acquisition of three data centre properties in December 2012 by the data centre property fund. The AUD 28.1 million (after costs) raised from the sale will be used for the accelerated fit-out of NextDC's M1 and S1 data centres, both of which are leased from APDC.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Internet
Companies: NextDC
Countries: Australia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


NextDC bids for all APDC shares it does not own

Published 31 Jul 2017 12:15 CET | Australia
The APDC Board has also announced that 360 Capital has announced a conditional competing proposal to acquire APDC securities at ...

APDC secures funding for Perth data centre

Published 19 Nov 2013 02:38 CET | Australia
Listed data centre property trust Asia Pacific Data Centre Group (APDC) has signed a debt facility agreement with Bankwest to ...

NextDC raises AUD 50 mln, seeks another 10 mln

Published 21 Aug 2013 03:16 CET | Australia
Australian data centre operator NextDC has raised AUD 50 in an underwritten share placement at AUD 2.60 per share. The company is ...

NextDC narrows net loss, seeks more capital

Published 20 Aug 2013 04:46 CET | Australia
Australian data centre operator NextDC narrowed its net loss for FY 2013 to AUD 2.2 million from a net loss of AUD 10.6 million a ...

Dimension Data picks NextDC for data centre services

Published 19 Jul 2013 02:15 CET | Australia
ICT services provider Dimension Data has entered into an Australia-wide agreement with local data centre operator NextDC. ...

NextDC moves to profit on APDC listing

Published 01 Mar 2013 01:29 CET | Australia
Australian data centre operator NextDC moved to a net profit in the first half ended 31 December 2012. The company recorded a ...

NextDC lists APDC

Published 10 Jan 2013 00:59 CET | Australia
Australian data centre operator NextDC announced the completion of the sale of property assets to the Asia Pacific Data Centre ...

NextDC prepares for APDC listing

Published 05 Dec 2012 02:30 CET | Australia
Australian data centre operator NextDC has released the product disclose statement for the Asia Pacific Data Centre (APDC) Listed ...

NextDC plans listed data centre property fund

Published 26 Jul 2012 03:16 CET | Australia
Australian data centre operator NextDC plans to establish a listed data centre property fund, which will be known as the Asia ...

Calendar   /   Industry Events

25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
01 Feb Tele2 Q4
01 Feb A10 Networks Q4
01 Feb Vantage Towers fiscal Q3
01 Feb Vodacom fiscal Q3
01 Feb EA fiscal Q3
::: More Calendar Items