Macquarie Telecom (ASX:MAQ) share price surges on contract win // Motley Fool Australia

Macquarie Telecom Group Ltd (ASX: MAQ) has just announced a significant client contract win. Macquarie Telecom’s share price is up 4.39% at the time of writing amid a broader rise in the ASX.

What was the deal?

The company advised that its Macquarie Data Centres business has entered a contract to provide approximately 10MW of capacity (IT load) at its Macquarie Park Data Centre Campus. The contract details cannot be disclosed at this stage for confidentiality reasons.

Macquarie Telecom said it would provide updated guidance on the associated capital expenditure in an upcoming investor briefing later this month.

Chief executive David Tudehope said: 

Macquarie’s 20-year strategy of investing in world class data centres is based on…