NEXTDC Limited announced a regional expansion strategy

NEXTDC Limited (ASX: NXT) announced two new data center developments, as part of its regional expansion strategy, on newly acquired commercial property sites: Kuala Lumpur, Malaysia, and Auckland, New Zealand. The company will fund the development of data centers, together with an enhanced fit-out at S3, following the 35.9MW increase in contracted utilization, via a ~AU$618 million fully underwritten 1 for 8 pro-rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares.

For FY23, the company is also expecting its data center services revenue to be in the range of AU$350 million to AU$360 million and Underlying EBITDA in the range of AU$192 million to AU$196 million.

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