Telecity Group announced said one of its Dublin data centers would more than double its available power with the addition of 6MW making it a 10MW site. In its interim financial statement the company said more acquisitions remained likely, it has a £300m debt facility to 'support its capacity expansion programme and to fund acquisitions in Europe to broaden its growth platform.'

In August 2011 Telecity bought Data Electronics which operates three sites around the Irish capital. The additional 6MW has been secured for its north west Dublin site. The addition will bring Telecity’s total European power capacity to 124MW, the company said. Rob Coupland, COO at Telecity told DatacetnerDynamics: “We have significant expansion built around controlled sustainable growth with the add on of acquisitions. There are things that come onto the radar and we’ll consider them if they take us forward."

Coupland said Telecity remained strong in the highly connected market in Central London saying most of the recent new build announcements concerned projects outside the M25 motorway, mostly in the wholesale space which looked to attract one or two corporate clients.

“There is nothing wrong with that as a market. The barriers to entry for that market are fairly low and the announcements of the number of sites to be built as opposed to the sites being opened is still significantly adrift,” he said.

As for the recent expansion announced by Interxion, Coupland said the capacity is coming from a peer group company is what he’d expect and that the announcement wasn’t a game changer in terms of the scale of the planned project.

"The trading outlook remains positive for the company based on recurring revenue growth achieved to date an encouraging order book opportunity pipeline and increasing operating margins," the company statement said. The continued addition of capacity will stretch out over four years as dictated by customer demand. “TelecityGroup’s financial position is very robust as its operations are highly cash generative.

Net debt remains modest in relation to EBITDA at approximately 1.5x full year 2011 expectations. This includes a £15m receipt relating to the renewal of a lease in London and payments for the acquisitions of Data Electronics and UK Grid. The Group has a £300m debt facility to support its capacity expansion programme and to fund acquisitions in Europe to broaden its growth platform,” the statement said.

Michael Tobin, CEO of TelecityGroup, said: “TelecityGroup’s performance in 2011 has been excellent and I am excited about the outlook for the business. I am pleased with the progress that is being made with our secured capacity expansion programme and with the integration of our recent acquisitions in Dublin and Manchester.”

The announcement echoes closely the interim statement issued by the company in 2010. In February 2011 the company announced full year revenues of £196m and pre tax earnings of £83m. When it announces full year results in February 2012 Telecity said it will introduce a progressive dividend policy in 2012 to be paid following next year's first half results.