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Digital Reality, Teraco confirm acquisition

January 4, 2022 3:17 pm by: Category: Broadband, BUSINESS, Featured, Investing, Mobile and Telecoms, Technology Leave a comment A+ / A-

by AKANI CHAUKE
JOHANNESBURG – DIGITAL Realty, the largest global provider of cloud and carrier-neutral data centre, has acquired a majority stake in Teraco from a consortium of investors.

Teraco is Africa’s leading carrier-neutral data centre and interconnection solutions provider.

Among investors are Berkshire Partners and Permira.

The Digital Realty transaction is anticipated to result in a powerful combination providing Teraco continued access to capital to grow.

The Teraco and NAPAfrica brands will continue. The Teraco management team will remain in place and maintain day-to-day responsibility for operations in South Africa.

“We are excited to enter our next chapter by joining forces with Digital Realty to create a truly global, scaled platform serving our customers in Africa and beyond,” said Teraco Chief Executive Officer, Jan Hnizdo.

“Our combined platform will be uniquely positioned to serve the full customer spectrum with the ability to support their growth around the world,” Hnizo added.

Based in Johannesburg and established in 2008, Teraco operates seven high-quality facilities with 75 megawatts of power load, serving more than 600 clients.

With more than 22 000 interconnects, Teraco’s data centres are the most interconnected facilities in Africa.

William Stein, Digital Realty CEO, said the transaction immediately
cements Digital Realty as the leading colocation provider in Africa, a region experiencing rapid digital transformation.

“This investment will enhance our ability to serve customers on a global basis by adding significant regional scale with a premier, network-dense portfolio in South Africa’s most strategically important metro areas,” Stein said.

The transaction is expected to close in the first half of 2022 and is subject to customary closing conditions.

– CAJ News

Digital Reality, Teraco confirm acquisition Reviewed by on . by AKANI CHAUKEJOHANNESBURG – DIGITAL Realty, the largest global provider of cloud and carrier-neutral data centre, has acquired a majority stake in Teraco from by AKANI CHAUKEJOHANNESBURG – DIGITAL Realty, the largest global provider of cloud and carrier-neutral data centre, has acquired a majority stake in Teraco from Rating: 0
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