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Macquarie Telecom Group Limited ( (AU:MAQ) ) has shared an announcement.
Macquarie Technology Group Limited announced that its subsidiary, Macquarie Data Centres, has entered into an agreement to acquire land for a new data centre campus in Sydney, subject to approvals. The proposed campus, aimed at hyperscale, AI, cloud, and government workloads, aligns with the company’s strategy to develop city-based data centres and will provide significant IT load capacity. This strategic move, along with the ongoing IC3 SuperWest development, positions Macquarie to offer a continuous pipeline of capacity over the next decade, enhancing its market position and service offerings.
The most recent analyst rating on (AU:MAQ) stock is a Buy with a A$100.00 price target. To see the full list of analyst forecasts on Macquarie Telecom Group Limited stock, see the AU:MAQ Stock Forecast page.
More about Macquarie Telecom Group Limited
Macquarie Technology Group Limited is an Australian company specializing in data centre, cloud, cyber security, and telecom services for mid to large businesses and government customers. Known for its superior customer service, Macquarie Data Centres, a division of the company, provides secure and compliant data centre services to Fortune 500 companies, large multinationals, and the Australian Federal Government.
Average Trading Volume: 55,142
Technical Sentiment Signal: Sell
Current Market Cap: A$1.6B
For detailed information about MAQ stock, go to TipRanks’ Stock Analysis page.