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Telecity to start paying dividend
Data centre operator Telecity said yesterday demand remains strong across its European markets and said its cash flows will enable it to start paying a dividend next year. The group, whose facilities are located in Europe’s major business centres like London and Paris, is seeing growth from cloud computing and social networking. Telecity, which plans to nearly double its capacity over the next four years, also announced an additional server at the Dublin site it acquired in August.