NextDC will consider selling assets, cutting spending and putting power cables underground at a major site in Melbourne’s west after warning investors it would miss earnings forecasts, prompting $3 billion to be wiped from the company’s value.

Shares in NextDC, Australia’s third-biggest data centre owner by installed capacity, plunged 41.7 per cent to a nine-year low, after it was forced to delay expansion at its new flagship Melbourne data centre following a fierce suburban revolt over new 22-metre power poles.

Loading…