Tax bill sees NextDC loss soar to $45M
NextDC has closed the 2020 financial year with a $45 million loss, partly driven by a $26 million tax bill.
NextDC has closed the 2020 financial year with a $45 million loss, partly driven by a $26 million tax bill.
5G Networks has made another play for increased rack space capacity with the purchase of Sydney’s Australian Pacific Data Centres (APDC).
NextDC has entered the red for the half year ending 31 December after embarking on a period of major expansion.
NextDC is to press ahead with a compulsory acquisition of its landlord Asia Pacific Data Centre Group after securing 97 per cent of shareholder support.
Australian data centre operator NextDC has launched a bid to acquire Asia Pacific Data Centre (APDC) following a year-long battle for the ownership of APDC.
NextDC's after-tax profit for 1H FY18 was down 56 per cent to $8.4M, but it had nothing to do with its data centre property spat.
NEXTDC calls special meeting over concerns about $100 million debt facility sought by 360 Capital Group on behalf of APDC.
Costs associated with Asia Pacific Data Centre Group's impending buyout have added up to more than $1 million.
NEXTDC has submitted an application with the Government's Takeover Panels against the 360 Capital Group’s bid to buyout Asia Pacific Data Centre Group.
NEXTDC's Asia Pacific Data Centre Group takeover offer may have lapsed, but that hasn't stopped it from making a boardroom run for the company.
NEXTDC is facing down a fresh bid from 360 Capital Group for control of its Asia Pacific Data Centre spin-off.
NEXTDC has announced a takeover offer to acquire all the securities of Asia Pacific Data Centre Group not owned by the company.