Australia's Macquarie Telecom hits record high on data centre application

Macquarie Technology

14/07/2021 02:27

** Shares of telecom operator  MAQ.AX  gain as much as 7.6%
to hit a record high of A$59.21
    ** MAQ on track to gain for a seventh consecutive session
    ** Co says it had filed application to build the largest
data centre at the Macquarie Park Data Centre Campus, within the
Sydney North Zone called "IC3 Super West"  urn:newsml:reuters.com:*:nASN001FV5
    ** MAQ says it was in the process of obtaining planning
consents, expected in early 2022, and hopes to complete the
construction of Phase 1 of IC3 Super West in the H2 2023
    ** Co also reiterates it FY21 EBITDA forecast of A$72 mln to
A$75 mln ($53.63 mln-$55.86 mln)
    ** Stock posts its biggest intraday percentage gain since
Nov. 12, 2020
    ** MAQ up 5.1% this year, as of last close
($1 = 1.3426 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))