Digital Realty, Ascenty investor, completes acquisition of Teraco, Africa’s leading data center company
Global group extends leadership in data center solutions industry by completing majority stake acquisition in African company for about $3.5 billion
Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions – and one of the investors of Ascenty, the main data center company in Latin America – announces the successful completion of its previously announced agreement communicated earlier this year to acquire a majority interest in Teraco, a leading carrier-neutral data center and interconnection services provider in South Africa, from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion.
The acquisition of Teraco adds South Africa to Digital Realty’s three existing markets on the continent, including Kenya, Mozambique, and Nigeria. The strategic importance of these four I’ve reverted to the approved press release as we have to ensure we use wording approved by Legal and IR 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 in Marseille, our customers have a range of strategic connectivity hubs from which to serve all corners of the African market.
For Ascenty’s clients operating in Latin America, this acquisition consolidates the world-class excellence standard of the digital ecosystem in which they operate. Companies with data allocated in any of Ascenty’s 28 data centers in Brazil, Chile and Mexico rely on 5,000km of dedicated fiber optic network, connecting the submarine cable stations in Fortaleza, Rio de Janeiro and Praia Grande, SP.
“Being part of a leading global data center service group allows us to provide low-latency connectivity, greater resilience, and ultimately superior end-to-end market availability to conduct business activities anywhere in the world,” says Chris Torto, CEO, Ascenty.
With the acquisition, Teraco will be known as Teraco: A Digital Realty Company.
To read the full announcement, in English, click here.
About Digital Realty
Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty’s global data center footprint gives customers access to the connected communities that matter to them with more than 290 facilities in 47 metros across 24 countries on six continents. To learn more about Digital Realty, click here.
About Ascenty
Ascenty, a Digital Realty and Brookfield company, is the largest connectivity and data center service provider in Latin America, currently managing 28 data centers in operation and/or construction in Brazil, Chile and Mexico, interconnected by 5,000 km of proprietary fiber-optic network. The company was established in 2010 and builds and operates world-class data centers serving the world’s largest cloud and technology providers, as well as other customers in the finance, retail, industrial, healthcare and service industries. To support its expansion, Ascenty relies on its shareholders – Brookfield Infrastructure Partners, a Canadian asset management company, and Digital Realty, the world’s largest data center company, with 290 units located in North America, Europe, Latin America, Asia and Australia. To learn more about Ascenty, go to the site.
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