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NTT Com to acquire 80% stake in RagingWire

Monday 28 October 2013 | 10:22 CET | News
Global data and cloud services provider NTT Communications (NTT Com) will acquire approximately 80 percent equity interest in the US-based data centre services provider RagingWire Data Centers for USD 350 million. The acquisition follows a definitive agreement reached with RagingWire shareholders. RagingWire's founders and management team will continue to operate the company as a platform under the RagingWire brand and maintain a minority interest in the company. The acquisition will more than double NTT Com's data centre space in the US. NTT Com will deploy RagingWire's know-how and patented

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Categories: Fixed
Companies: NTT Communications / RagingWire Data Centers
Countries: United States
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