iTWire

Data centre operator NEXTDC has reported a net profit after tax of $23 million for the year to the end of June, a significant lift of $21.2 million on profits of just $1.8 million for the 2016 year.

The Asia Pacific Data Centre Group board has recommended shareholders accept the increased offer of $1.87 per share from the Australian-listed data centre group NEXTDC to buy the company. The deal, if it concludes, values APDC at around $215 million.

ASX-listed data centre operator NextDC has secured a $300 million debt facility from National Australia Bank as it prepares for future growth and for further developments in its business.