NextDC investors say there are questions over a month-long delay in disclosing that difficulties installing vital power infrastructure could seriously hamper the expansion of a major data centre in Melbourne amid concerns that the company is skirting close to its debt limits.
NextDC shares slumped 42 per cent on Wednesday, wiping almost $3 billion off its market value , after the ASX-listed company slashed full-year earnings forecasts citing community backlash over the installation of concrete power poles up to 22 metres tall to expand a data centre in West Footscray.
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