5G Networks (ASX:5GN), a licenced telecommunications carrier offering seamless data connectivity, cloud and data centre services, is pleased to announce the acquisition of North Sydney data centre (NSDC), located in St Leonards, from Servers Australia Pty Ltd.
This strategic investment will enable 5GN customers to gain access to a high-speed data network by connecting directly to the data centre via dark fibre once the new rollout is complete. Cross-selling of infrastructure aligns with the company’s focused acquisition and growth strategy of identifying value-accretive opportunities for expanding its fibre network and cloud services, establishing further opportunities for revenue growth as well as extending its infrastructure capacity.
The NSDC houses over 120 data centre racks with current utilisation at 32%. This acquisition expands the 5GN Data Centre capacity to over 720 racks, all connected to a secure, national high-speed network. The acquisition will accelerate the continued execution of the 5GN wholesale channel strategy for infrastructure and data centre services. It will also open new opportunities by offering its national data network and cloud services to existing NSDC customers who include carriers, hardware vendors and managed IT providers.
North Sydney accommodates many of the top tier digital providers in Australia and the location brings local and easy access for IT staff to save valuable travel time in managing their critical infrastructure. The NSDC facility has been purpose-built with 1MW of site power availability, cooling and power generators installed in addition to geo-diversity in network access to Australia’s leading service providers.
5G Networks Managing Director, Joe Demase, stated:
“Continued focus on growth through profitable enterprise services underpins this strategic acquisition. The Sydney market is well supported by several larger tenants, who have a significant appetite for data centre space, as a result of the growing requirement for digital infrastructure to support the explosive adoption of cloud services. Through continued investment in 5GN’s fibre rollout, our Sydney data centres will be connected to a nationwide 10GB data footprint, which offers dedicated and secure access coupled with enterprise grade performance. This is critical in supporting our existing customers through their digital journey, in addition to our new and emerging Indirect channel.”