NTT Communications to buy controlling stake in e-shelter
The subsidiary of Nippon Telegraph and Telephone Corp. did not disclose the financial terms of the deal. The acquisition will vault NTT Communications into the No. 3 provider of data center space in Europe.
Currently e-shelter manages nearly 90,000 square meters of data center space in four cities in Germany, as well as in Zurich, Switzerland, and Vienna, Austria. One of its main facilities, Campus Frankfurt 1, Europe’s largest data center with some 60,000 square meters of data center space, comprises five free-standing buildings constructed specifically as data centers.
NTT Communication said the acquisition will further strengthen its capabilities in the European Union to meet increased demand for data centers and cloud services, as well as provide increasingly more efficient services that migrate customer systems to the cloud.
The European Union’s data center market is growing at 9 percent annually, according to the research firm Gartner Inc.
NTT Communications currently operates data centers in Britain, France, Germany and Spain, which it says e-shelter’s six locations in central Europe will complement.
NTT Communications operates more than 130 secure data centers worldwide. ■