Teraco Announces Completion of Acquisition by Digital Realty
Teraco Data Environments, a leading provider of colocation data centres in Africa, has announced completion of the agreement by Digital Realty, to acquire a majority interest in Teraco from a consortium of investors.
The acquisition of Teraco adds South Africa to Digital Realty’s three markets on the continent, including Kenya, Mozambique, and Nigeria. The strategic importance of these four markets has been enhanced by the recent and ongoing implementation of new subsea cable networks encircling Africa.
Teraco’s growing multi-national client base, quality infrastructure and ownership of NAPAfrica, the continent's largest Internet Exchange Point, are key differentiators that position the company for sustainable growth.
As South Africa’s largest interconnected data centre platform, Teraco supports the rapid growth of the continent’s Internet community through its expanding portfolio of data centres.
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.
With the acquisition, Teraco will be known as Teraco: A Digital Realty Company.