Japanese telecommunications giant NTT Communications (NYSE:NTT, news, filings) made another key cloud/colo purchase this morning, but not one that we in the US will have been terribly familiar with. They are acquiring a 74% stake in Netmagic Solutions, giving them the capability to directly address the key South Asian marketplace as a part of its overall global cloud effort.
Netmagic operates seven carrier-neutral datacenters in Mumbai, Bangalore, Chennai, and most recntly in Noida (Dehli NCR). They provide colo and managed hosting to about a thousand customers, plus ISP and cloud services to others as well. Basically, this gives NTT a stronger foothold on the subcontinent, a critical piece of their Asian-focused strategy. In all, they have some 200,000 square feet under management, with 500 employees.
NTT’s move isn’t much different from last year’s purchases of Terremark and Savvis by Verizon and CenturyLink, respectively, just in a different part of the world. Just how these large telecoms position and operate assets like this in 2012 will be a key story to keep an eye on.
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Categories: Cloud Computing · Datacenter · ILECs, PTTs · Mergers and Acquisitions
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