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Macquarie Telecom Group Limited ( (AU:MAQ) ) has issued an announcement.
Macquarie Technology Group Limited has updated its capital expenditure outlook for the IC3 SuperWest data centre project for FY25 to between A$95 million and A$110 million due to changes in construction timing. The Phase 1 construction cost remains at approximately $350 million, with the project expected to be completed on time and within budget by Q3 2026, potentially strengthening the company’s position in the data centre industry.
More about Macquarie Telecom Group Limited
Macquarie Technology Group Limited is an Australian company specializing in data centres, cloud services, cybersecurity, and telecommunications, catering to mid to large businesses and government customers. The company is known for its exceptional customer service and provides secure and compliant data centre services to Fortune 500 companies, large multinationals, and the Australian Federal Government.
YTD Price Performance: -30.55%
Average Trading Volume: 90,265
Technical Sentiment Signal: Buy
Current Market Cap: A$1.58B
For a thorough assessment of MAQ stock, go to TipRanks’ Stock Analysis page.