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Digital Reality has completed its acquisition of Teraco

Local colocation data centre specialists Teraco has announced that its previous agreement to be acquired by Digital Reality has now been completed. 

For those unfamiliar with Digital Reality, it is the largest global provider of cloud and carrier-neutral data centre, colocation and interconnection solutions. With the acquisition now completed, Teraco will be known as Teraco: A Digital Realty Company.

The acquisition of Tercano means Digital Reality has presence in four African regions, with Kenya, Mozambique and Nigeria under the company’s banner previously. 

“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,” highlighted Teraco in a press release sent to Hypertext. 

“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. 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,” added Jan Hnizdo (pictured above), CEO of Teraco.

For existing customers it looks to be business as usual at the colocation data centre provider, but Digital Reality is planning to use the acquisition to help it grow further into the African continent.

“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,” noted A. William Stein, CEO of Digital Realty.

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