Japan's NTT to buy German data centre operator: Source

The RBI approval, also confirmed by a source directly involved in the process, is part of the government's bid to simplify and scrap some of the more obscure rules that have curbed foreign investment.

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TOKYO: NTT Communications Corp is in talks to acquire German data centre provider e-shelter for about 100 billion yen ($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 ($3.2 billion) in 2010, followed by takeover deals with a combined worth of 85.5 billion yen ($715.42 million) of two U.S. 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.