AirTrunk have said in the press, they paid $31m for the Sydney site, and Phase 1 of the build is $47m as per the article you refer to. Phase 1 build is $47m, not the whole build. AirTrunk Phase 1 will be live by August 2017 with a Global Customer. In parallel AirTrunk have a smaller site in fit out in Melbourne. AirTrunk do not cater to retail market at all, they are a wholesale player who offer a competitive offer around PUE which is critical to Global Service Providers, Next DC will not be able to compete with AirTrunk on Wholesale, and AirTrunk is not interested in Retail, so it should not be a problem. So Hokey, if you will be old and grey by July next year, then don't speak for all of us.
NXT Price at posting:
$3.49 Sentiment: Hold Disclosure: Held
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