Teraco Data Environments
2022
$1.7B
Why
Digital Realty acquired a 55% majority stake in Teraco, South Africa's leading carrier-neutral colocation and interconnection provider, for $1.7 billion cash in a deal valuing Teraco's total equity at about $3.5 billion, completed August 1, 2022, to establish a dominant market position on the continent.
Impact
Provided Digital Realty with immediate access to essential African connectivity hubs and major Internet Exchange Points, most notably NAPAfrica, adding South Africa to its existing African footprint in Kenya, Mozambique, and Nigeria.
Outcome
Established Digital Realty as a key player in the growing African digital infrastructure market, with the remaining 45% of Teraco held by a consortium including management, Berkshire Partners, Permira, and other existing investors.