Telecity upbeat on good demand

Data-centre firm Telecity Group yesterday reiterated a positive outlook for the full-year on strong European demand, and said it saw opportunities for small acquisitions in the region. The group, which operates 24 data centres across major European cities, said yesterday it got an additional £100m of debt financing, taking its total credit facility to £300m. Analysts are expecting the company to post a 2010 pre-tax profit of £63.3m on revenues of £231.8m.