Digital Realty has agreed to acquire a majority interest in Teraco, a carrier-neutral data center and interconnection services provider in South Africa, from a consortium of investors, including Berkshire Partners and Permira.
The transaction values Teraco at about $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 markets has been enhanced by the recent and ongoing implementation of new subsea cable networks encircling Africa.
As South Africa's largest and most densely interconnected data center platform, Teraco supports the rapid growth of the continent's internet community through its expanding portfolio of data centers. Teraco's experienced management team, growing multi-national customer base, quality infrastructure and ownership of NAPAfrica, the continent's largest Internet Exchange Point, are key differenti
