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Australia's Megaport Secures Four New AI Infrastructure Contracts, to Raise $594 Million

The deals are expected to add A$232.4 million in annual recurring revenue and lift pro forma group ARR to about A$1.1 billion, Megaport said.

The four contracts, all with U.S.-based technology providers running AI applications, are expected ‌to start ⁠in the ⁠first half of 2027 and require nearly A$369.5 million in capital expenditure, ​primarily for high-performance Nvidia GPUs, network and storage infrastructure.
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ReutersReuters
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Australia's Megaport rallies after bagging $687-million AI contracts

·London, United Kingdom
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Reuters broke the news in London, United Kingdom on Monday, September 28, 2026.
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