Digital Realty acquires majority stake in Teraco

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Teraco Data Environments has announced the successful completion of the previously announced agreement by Digital Realty to acquire a majority interest in the company from a consortium of investors, including Berkshire Partners and Permira.

Digital Realty is the largest global provider of cloud and carrier-neutral data centre, colocation and interconnection solutions. With the acquisition completed, Teraco will be known as Teraco: A Digital Realty Company.

“The strategic importance of these four markets has been enhanced by the recent and ongoing implementation of new subsea cable networks encircling Africa. Combined with Digital Realty’s highly connected facilities, clients now have access to a choice of strategic connectivity and interconnection platforms that serve all corners of the African market,” the group said.

 

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