Macquarie Technology explores JV, capital recycling for $3bn data centre


Posted by Harry Baldock : The Australian technology giant is considering “a range of potential funding alternatives” to support the project

Earlier this week, Macquarie Technology Group revealed to investors that it was exploring funding options for a new 150MW data centre campus project, aiming to meet the expected boom in demand for AI and cloud computing.

The new campus would require between $2.5 billion and $3 billion in capital, excluding land value.

Speaking to investors on Tuesday, CEO David Tudehope said that the company was currently exploring its options for financing the data centre build out at the optioned location. One possibility would be to recycle capital by selling off a stake in the company’s more mature data centre assets. Alternatively, Macquarie could also partner with a third-party to create a joint venture.

“Funding for the new campus […] will come from recycled capital from the existing data centres and/or a development partnership,” said Tudehope, as reported in the Financial Review. “Both of those ideas are quite common overseas but are less common in Australia.”

The tech company has already struck a deal for the required land in Sydney for $240 million earlier this year, to be funded through cash reserves and debt.

Macquarie has been investing in data centres since 2018, with its flagship project taking place at the Macquarie Park Data Centre Campus in Sydney. Phase 1 of the site’s development, known as Sydney IC3 East, was completed in 2020, providing over 12MW of capacity. Phase 2, will see the site scaled further with the construction of the IC3 Super West data centre, bringing total capacity to 65MW.

Construction on C3 Super West began last year and is expected to be complete by Q3 2026. Macquarie extended its loan facilities to $450 million last year to facilitate this expansion.Combining these existing assets with the planned 150MW would make Macquarie one of the largest data centre providers in Australia. Macquarie Technology explores JV, capital recycling for $3bn data centre
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TPG suffers data breach impacting 280,000 customers


Posted by Harry Baldock : Attackers reportedly hacked into an order management system from TPG’s subsidiary, the broadband provider iiNet Australia’s TPG has become the latest telco to suffer a major cybersecurity breach this weekend, with data having been exfiltrated from its ISP subsidiary, iiNet.

The breach occurred on August 16, where reports suggest it was quickly detected and contained. Nonetheless, the attack reportedly compromised around 280,000 active email addresses; 20,000 active landline phone numbers; 10,000 iiNet customer names, street addresses, and phone numbers; and 1,700 modem setup passwords.

“We unreservedly apologise to our iiNet customers impacted by this incident,” TPG said in a statement to the Australian Securities Exchange. “We will be taking immediate steps to contact impacted iiNet customers, advise of any actions they should take and offer our assistance. We will also contact all non-impacted iiNet customers to confirm they have not been affected.”

No sensitive customer information, like bank details or personal identity documents, was impacted by the breach, as this data was not stored in the iiNet order management system.

“We do not currently have any evidence to suggest an impact to our broader systems or other customers,” TPG said.

TPG says it is working closely with the Australian Cyber Security Centre, National Office of Cyber Security, Australian Signals Directorate, and the Office of the Australian Information Commissioner to better understand the breach and take appropriate action.

Investigations into how the attackers gained access to these systems are underway, with early indications suggesting that account credentials had been stolen from an employee.

The first half of this decade has not been kind to TPG when it comes to cybersecurity. The company’s Hosted Exchange service, which provides email hosting for iiNet and Westnet business customers, was notably hacked at the end of 2022, impacting around 15,000 business customers. The attackers appeared to be accessing customers’ cryptocurrency and financial information.

Investigations into this attack are still ongoing.

Both attacks combined, however, still pale in comparison to that experienced by TPG’s rival Optus in 2022, when bad actors gained access to the data of up to 10 million of the company’s current and former customers. Illegally obtained information included customers’ names, dates of birth, home addresses, and more.

While a ransom of $1.5 million was initially demanded for the return of the data, the attacker ultimately backed down, allegedly deleting the stolen data due to the unwanted attention it garnered from law enforcement.Keep up with all the latest telecoms news with the Total Telecom newsletter TPG suffers data breach impacting 280,000 customers | Total Telecom
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Time to move beyond billboards: Australia’s tourism strategy needs to embrace the personal

Australia continues to rely on billboard-style and cinematic advertising to promote itself as a destination. This approach, used for decades, presents a national image built around iconic sites and curated visuals.

While this style may appeal to tourism bodies because of the celebrity-fronted content and central control, it is increasingly out of step with how modern travellers plan their journeys.

In 2025, travellers are scrolling TikTok, watching Instagram reels, and browsing peer reviews. Tourism campaigns should meet people where they are.

Authenticity beats curated content

Social media is a central source of travel inspiration, particularly for Gen Z and millennials, according to a global survey of 20,000 respondents across all age groups.

Almost 90% of young travellers discover new destinations through TikTok, and 40% say they have booked a trip directly because of something they saw on the platform.

What matters most is not just reach, but trust.

Influencers shape behaviour from desire to booking and post-trip sharing. Their impact rests on perceived authenticity. Real people telling stories resonate more than stylised ads.

Storytelling sits at the heart of this shift, and tourism providers can engage in this form of storytelling, too. Airbnb’s Host Stories campaign invites hosts to share personal narratives through short videos and blog posts.

By highlighting real hosts and their daily lives, marketing moves beyond selling places and instead emphasises authentic, locally rooted connections that resonate with travellers.

It introduces travellers to places through personal experience, grounded in local knowledge and genuine connection.

User-generated content builds trust

A 2025 study found user-generated content enhances emotional connection and perceived authenticity with potential tourists.

Stumbling on a friend’s holiday photo or a short travel video in their feed can increase the appeal of a destination. Unlike traditional advertising, which requires deliberate placement, peer content can influence simply by appearing in everyday browsing.

Australia has used participatory storytelling before. One powerful example is Tourism Queensland’s 2009 Best Job in the World campaign, which invited applicants from around the world to compete for a six-month caretaker role on Hamilton Island in the Great Barrier Reef. All they had to do was submit a short video explaining why they were the right candidate.

The campaign went viral, attracting over 34,000 applicants from 200+ countries, millions of website hits and global media overage.

Its success was driven less by who eventually got the job and more by the anticipation and unusual premise. It stood out because of simplicity and inclusivity, inviting real people to be part of the narrative.

Yet, 16 years on, Australia’s national tourism campaigns still rely on cinema ads, billboards and polished TV commercials built around icons such as Uluru and the Sydney Harbour Bridge.

From storytelling to story-sharing

The long-running Inspired by Iceland campaign consistently encourages locals to share authentic travel memories, cultural insights and personal stories.

Iceland Hour, launched in June 2010, saw schools, parliament and businesses pause for a coordinated social media push. Citizens and international supporters posted more than 1.5 million positive, personal messages across social media in a single week.

The campaign helped rebuild confidence after the Eyjafjallajökull volcanic eruption, and contributed to a 20% year-on-year rise in tourist arrivals.

Finland’s Rent a Finn campaign, launched in 2019, embraced a similarly human-centred approach. Showcasing ordinary people rather than cinematic landscapes, the campaign reached 149 countries, contributed €220 million in additional tourism revenue and reinforced Finland’s reputation as the “world’s happiest country”.

The United Kingdom’s Great Chinese Names for Great Britain campaign in late 2014 invited Chinese audiences to propose Mandarin nicknames for 101 British landmarks.

Suggested names, such as “Strong Man Skirt Party” for a kilted parade or “Stone Guardians” for Hadrian’s Wall, were featured on Google Maps and Wikipedia.

The campaign attracted more than 13,000 submissions, sparked widespread engagement on Chinese social media and was followed by a 27% increase in visits from China. It was worth an estimated £22 million boost to the UK economy.

Storytelling as a sustainability strategy

Participatory storytelling is not only more engaging, it can also be more sustainable.

Japan’s Hidden Gems campaign redirects tourist traffic away from overcrowded areas like Kyoto and Tokyo by spotlighting lesser-known destinations through locally led narratives. These stories promote slower travel, distribute benefits more evenly and reduce pressure on fragile ecosystems.

Australia faces a similar challenge. Our global image is still anchored to a handful of spectacular but vulnerable icons.

Yet tourism is about more than selfies in front of sandstone or coral. By inviting regional communities and visitors to tell their stories, we could shift attention beyond brochure highlights and encourage deeper, more diverse engagement.

There is also a strong economic case for prioritising emotional connection. Research shows when travellers form personal bonds with a place – through memorable, localised experiences – they are more likely to return, recommend it to others and stay longer.

Tourism is a relationship, not a product

Visitors are not passive consumers of postcard moments but active contributors to a shared story.

Australia’s tourism strategy should reflect this. This could mean amplifying visitor photos and videos on official platforms, inviting local communities to co-design campaigns, and drawing on authentic user-generated content rather than polished advertising and cinematic masterpieces.

That means letting go of perfection, embracing authenticity and trusting that the people who come here, as well as the people who live here, have stories worth sharing.The Conversation

Katharina Wolf, Associate Professor in Strategic Communication, Curtin University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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