You are here

NTT Comm in talks to buy German e-shelter - source

DOCOMO280215.jpg
NTT Communications Corp is in talks to acquire German data centre provider e-shelter for about 100 billion yen (US$836 million), according to a source familiar with the matter.

[TOKYO] NTT Communications Corp is in talks to acquire German data centre provider e-shelter for about 100 billion yen (US$836 million), according to a source familiar with the matter.

An acquisition of e-shelter by Nippon Telegraph & Telephone Communications is the latest in the NTT Corp's overseas expansion due to a dwindling home market.

NTT bought South African IT firm Dimension Data for 382 billion yen (US$3.2 billion) in 2010, followed by takeover deals with a combined worth of 85.5 billion yen (US$715.42 million) of two US cloud computing firms, Virtela Technology Services Inc and RagingWire Data centres in 2013.

The talks were first reported by the Nikkei business daily.

E-shelter is a data centre developer and provider founded in 2000. It has data centres in Hamburg, Berlin, Frankfurt, Zurich, Vienna, and Munich.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes