Telecity to pay dividends

Data centre provider Telecity's full year results came in slightly ahead of expectations, and 2012 looks like being another strong year, with the group seeing strong demand across all of its markets.

Data centre provider Telecity's full year results came in slightly ahead of expectations, and 2012 looks like being another strong year, with the group seeing strong demand across all of its markets.

Revenue in 2011 rose 22.1% to £239.8m from £196.4m the year before, and slightly ahead of market expectations of £238.0m. Over 90% of the group's revenue is recurring.

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