Intelligent Tech Channels Issue 55 - Page 45


Teraco announces completion of acquisition by Digital Realty

Jan Hnizdo , Chief Executive Officer , Teraco

T eraco Data Environments , a provider of colocation data centres and interconnection platforms in Africa , recently announced the successful completion of the previously announced agreement by Digital Realty , the largest global provider of cloud and carrier-neutral data centre , colocation and interconnection solutions , to acquire a majority interest in Teraco from a consortium of investors , including Berkshire Partners and Permira .

As South Africa ’ s largest and most densely interconnected data centre platform , Teraco supports the rapid growth of the continent ’ s
Internet community through its expanding portfolio of data centres . Teraco ’ s experienced management team , 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 .
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 . 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 .
“ Teraco has made significant progress in achieving our strategic objectives , including improving the connectivity and accessibility of our data centres , in supporting the rapid Digital Transformation in the region ,” said Jan Hnizdo , Chief Executive Officer , Teraco . “ Africa is poised to remain a high growth , high-demand area for data centre solutions . Our combined , diversified platform will further enable us to support our customers in the pan-Africa region and worldwide .”
“ We are very excited to complete this transformative transaction that positions Digital Realty as the premier data centre and connectivity provider on the high-growth African continent ,” said A . William Stein , Chief Executive Officer , Digital Realty . “ Today ’ s milestone gives us significant regional scale and access to a premier , high-quality portfolio in Africa ’ s largest market , enhancing our ability to serve growing customer demand for connectivity in the region . We ’ re thrilled to strengthen our global platform and deepen our commitment to investing in Africa as we capitalise on the tremendous opportunity in the region .”
With the acquisition , Teraco will be known as Teraco : a Digital Realty Company . •