NextDC Delays Melbourne Expansion to 2027/2028 as Shares Fall to $5.69

NextDC, which calls itself Australia's largest listed data centre developer, told the stock exchange its Melbourne expansion is delayed to the 2027/2028 financial year. Network company Jemena suspended work on power poles needed to supply the site, citing safety concerns and community opposition. After a trading halt, NextDC shares fell from over $9 to $5.69.