It has been a difficult month for digital infrastructure businesses, from the specular flop that was Firmus Technologies’ hopes of an ASX listing to serious turbulence at NextDC, whose market valuation has shrunk as data centre projects get bogged down.
And yet, could Megaport’s executive suite be considering a chunky cash call of its own? That’s certainly the expectation of major investors and bankers, some of whom have been quietly softly sounded out for such a raise.
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