For Eastern expansion Telecity acquires Finnish data centre operator

British firm TelecityGroup has bought Finnish data centre operator Tenue for £3.7 million in cash. In a stir that will improve its capacity by 1 MW and enable it to take advantage of growing internet traffic from Russia.

Helsinki is an emerging internet hub city within the Nordic region with a high potential for growth said the company. Plans are already underway to build a new data centre which will offer a further 4MW of customer capacity.

“There is significant demand from our customers for high quality, connected data centre services with proximity to the growing Russian market,” said Michael Tobin, CEO of

Telecity, whose carrier-neutral data centers host the likes of Spotify, Transport for London and T-Systems, saw revenues jump by 22.4% to £137.3 million in the first half of 2012. Pre-tax profits also rose 18% to £40 million.

The company owns three facilities in London and four in Manchester, as well as several others in Dublin, Amsterdam, Frankfurt, Milan, Paris and Stockholm.

“I am again delighted with TelecityGroup’s performance,” said Tobin “It is testament to the strength of TelecityGroup’s business model that we are able to expand the Group’s growth horizon while at the same time commencing a progressive dividend policy.”


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