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

[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