Macquarie Telecom Group Limited Reports Earnings Results for the Year Ended June 30, 2018; Provides Earnings Guidance for the Financial Year 2019
For the financial year 2019 the company expects that the initial capital expenditure on the Intellicentre 3 East (IC3 East) Data Centre will be approximately $75 million to $80 million, the bulk of which will be incurred across calendar year 2019. This Capex will be partially offset by a fee from Keppel DC REIT to the value of $26 million to $36 million for the development of IC3 East core and building shell. Total Capex excluding IC3 East is expected to be between $34 million to $37 million consisting of Growth Capex - $9 million to $10 million; Customer Growth Capex - $11 million to $12 million; and Maintenance Capex - $14 million to $15 million. Depreciation is expected to be between $29 million and $31 million.