Page 11 - EngineerIT January 2022

ICT – DATA CENTRES

global leader will enable Teraco to access skills and knowledge from the Digital Realty global
platform and continue to grow the Teraco ecosystem.
“We are excited to enter our next chapter by joining forces with Digital Realty to create
a truly global, scaled platform serving our customers in Africa and beyond,” said CEO Jan
Hnizdo. “Our combined platform will be uniquely positioned to serve the full customer
spectrum with the ability to support their growth around the world. We look forward
to working with the Digital Realty team to extend our state-of-the-art data centre and
connectivity solutions to capitalise on the favourable industry trends and tremendous
market opportunity.”
Digital Realty CEO A. William Stein added: “This highly strategic transaction immediately
cements Digital Realty as the leading co-location provider in Africa, a region experiencing
rapid digital transformation. Teraco is the industry leader in South Africa and the continent’s
connectivity hub. This investment will enhance our ability to serve customers on a global
basis by adding significant regional scale with a premier, network-dense portfolio in South
Africa’s most strategically important metro areas. Teraco will also advance our strategy of
increasing exposure to highly connected, network- and carrier-dense facilities to enhance
our global coverage and connectivity capabilities.” Jan Hnizdo
After closing, Digital Realty will own approximately 55% of the total equity interests
in Teraco, while the remaining 45% will be held by a consortium of existing shareholders & Manges LLP and ENSafrica are serving as
including management, Berkshire Partners LLC, Permira, van Rooyen Group, Columbia legal advisors to Teraco. Solomon Partners
Capital, Stepstone Ventures and the Teraco Connect Trust. is acting as financial advisors, and Latham
The transaction is expected to close in the first half of 2022 and is subject to customary & Watkins LLP and Bowmans are acting as
closing conditions. Goldman Sachs is acting as financial advisor to Teraco and Weil, Gotshal legal advisors to Digital Realty. n

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