Digital Realty, Ascenty Investor, Acquires Teraco, Africa’s Leading Data Center Company
Global group extends leadership in data center solutions industry by acquiring majority stake in African company for approximately $3.5 billion
Digital Realty (NYSE: DLR), the world’s largest provider of neutral and carrier-based data center, colocation and interconnection solutions – and one of the investors of Ascenty, the main data center company in Latin America – announces that it has acquired a majority stake in Teraco, Africa’s leading network-neutral colocation provider. The transaction involves a consortium of investors, including Berkshire Partners and Permira, which appraised Teraco at approximately $3.5 billion, and immediately establishes Digital Realty as the leading colocation provider on the African continent.
With seven facilities located in South Africa’s main urban centers in Johannesburg, Cape Town and Durban, Teraco serves approximately 600 customers, including connectivity providers, cloud and content platforms and enterprises. Teraco enables 22,000 customer interconnections, and its Johannesburg campus is one of the world’s most densely interconnected sites, with 13,000 cross-connects.
For Ascenty’s 350 global 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 27 data centers in Brazil, Chile and Mexico rely on 5,000 km of dedicated fiber optic network, connecting the submarine cable stations in Fortaleza, Rio de Janeiro and Praia Grande, SP.
“The end result of being part of a group that is the global leader in data center service is connectivity with low latency, greater resilience, and ultimately superior end-to-end market availability to conduct business activities anywhere in the world,” said Chris Torto, Ascenty’s CEO.
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. Go to digitalrealty.com to learn more about Digital Realty.
Ascenty, a Digital Realty and Brookfield company, is the largest connectivity and data center service provider in Latin America, currently managing 27 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: http://www.ascenty.com