DEALS | 24 MARCH 2021

Enabling Africa’s
Digital Transformation

Absa | Corporate and Investment Banking > Insights and Events > Enabling Africa’s Digital Transformation
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Contributing R2.5 billion in capital funding to Teraco's data centre infrastructure development. That's Africanacity.

We are proud to have concluded a R2.5 billion transaction with Teraco to expand digital connectivity in Africa. The deal includes R2billion for a data centre construction in Johannesburg and Cape Town, and R500 million to provide liquidity and optimise capital structure for improved shareholder returns. This funding will accelerate growth in Teraco’s business, enabling them to sign up many large new clients while increasing their services to existing clients.

“This is a ground-breaking transaction in Teraco’s constant evolution, which keeps the firm at the forefront of Africa’s digital transformation.” Jason Abt, Senior Investment Banker, Absa Corporate and Investment Banking.

Teraco Data Environments Proprietary Limited is Africa’s largest interconnection hub and vendor-neutral data centre provider.

Contact: Chetan Jeeva, Head of SA Debt to find out more

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