Telecity group that is known to be the European datacenter provider has allowed the update for trading for the third quarter of 2015.
There is the year to organic currency neutral revenue growth of 7.2% with the increase in the 9.7% driven with the progress in UK’s growth on both an OCN and basis that has been taken through 2015. There is some progress in the growth rate revenue in Q4 that will be made in future that will also be reduced in prior for the year and with the items in that time that there has been growth overall.
There is the margin of 46.9% adjustment of EBITDA that was recorded for the year 2014. There is also adjustment of free cash flow that has also been continued for the discipline of the capital.
There is the order that allows winning the group that helps to improve in the UK and with lower guide ranges. There is stable pricing on the daily basis.
Recommended cash and share offer for TelecityGroup by Equinix,
There is cash used and share offered for the group of telicity by Equinix. It has also noted for the purpose acquisition of such group for the commission of Europe that has been also merged for the approval to control it.
“The Group has performed well this quarter; it is pleasing to see the improvement in underlying revenue growth in the UK in addition to the continued good performance in the Rest of Europe. Incremental capacity is being delivered, including the first phase of Dublin 4 and the imminent opening of Amsterdam 6. At the same time, the year-on-year sold power percentage has increased. Whilst further improvements in the UK revenue growth rate and a continuation of strong underlying profitable growth in the Rest of Europe is expected, the FY2015 revenue growth rate is likely to be towards the lower end of the previously guided revenue growth range. The Board maintains its positive view on the trajectory for the Group going forward.” These words are said by John Hughes who is the Chairman of telicity group.
These are the statements about telicity, “We continue to work to progress the recommended transaction with Equinix. We have confirmed that the European Commission has entered into a period of market testing based upon commitments proposed by Equinix and TelecityGroup with a view to obtaining EU Commission Phase I clearance. We continue to expect to complete the transaction in the first half of 2016.”