- Telecommunication services provider 5G Networks (5GN) has purchased the Pipe Networks data centre in Brisbane for $1.1 million
- The purchase includes all operating infrastructure at the facility and will come with a generous rent-free period spanning 10 years
- The data centre will bee able to support 250 racks and access to three megawatts of power on a dual power grid
- Customers will be able to connect directly to the data centre through the company’s dark fibre network
- With this purchase, 5GN operates data centres in each state on Australia’s east coast
- On the market this afternoon, 5G Networks is up 2.24 per cent and is trading for $1.60 per share
