Macquarie Telecom signals name change

Macquarie Telecom Group has announced that it intends to change its listed company name to Macquarie Technology Group, reflecting the company’s evolution into a digital infrastructure business through its success in cloud infrastructure, cybersecurity, data centres and telecom.

Recognising that the successful execution of Macquarie’s strategy has fundamentally changed the company over the last decade to a core plus digital infrastructure business, Macquarie will be applying to move from the S&P index “Diversified Telecom Services” to “Internet Services & Infrastructure”.

Macquarie’s strategy has delivered seven consecutive years of EBITDA profit growth and its share price has increased by over 500% during this period, with its market capitalisation now exceeding $1 billion.

“We are still Macquarie, a proudly Australian company, driven by our purpose to make a difference in markets that are under-served and overcharged. Macquarie’s world-class NPS score of +79 is a testament to the customer experience we deliver for businesses and government agencies,” said Chief Executive David Tudehope.

“As our customers turn to cloud-based solutions, they value our single accountability for cybersecurity, cloud performance and secure world scale data centres,” he said. “Our four businesses’ names are unchanged as they reflect what they do — Macquarie Cloud Services, Macquarie Government, Macquarie Data Centres and, where our story proudly started, Macquarie Telecom.”

Image caption: Macquarie Data Centre Campus.