The blockbuster $20 billion sale of AirTrunk is unlikely to lift public market valuations for data centres because of the opaque nature of the transaction, according to the chief executive of its nearest listed rival NextDC.
NextDC CEO Craig Scroggie said it would be impossible for investors to make a judgement based on AirTrunk’s price tag, without a detailed look at the private company’s books.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
