NewsBite

Electricity price rises great news for data centres: MacTel

Rising electricity prices have lifted demand for data centres as businesses are forced to close their inhouse computer rooms and move data storage into the cloud, Macquarie Telecom chief executive David Tudehope says.

The demand is one of the factors that has prompted Macquarie Telecom, which is no relation to the banking giant of the same name, to reinvest all of its profit in growing the business.

Loading...
James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.au

Read More

Latest In Telecommunications

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/telecommunications/electricity-price-rises-great-news-for-data-centres-mactel-20190828-p52lju