Infratil Shares Surge as CDC Signs Monster Data Center Deal

CDC Data Centres is forecasting a surge in earnings over the next three years after agreeing Australia’s largest data center contract, stoking the value of its largest holder Infratil Ltd.

The company expects operating earnings to rise to at least A$1 billion ($721 million) in the 2027-28 financial year from nearly A$400 million in the current year, it said on a conference call Wednesday in Wellington.