NTT buys 85% stake in UK data center provider Gyron

NTT (NYSE: NTT) has purchased an 85 percent stake in UK-based Gyron, a move that instantly enhances its data center presence in a key connectivity hub.

This arrangement with Gyron gives the Japanese service provider access not only an established data center near London, but also two additional data centers that will go live later this year and in early 2013.

When the deal is completed, Gyron's existing Managing Director Robin Balen and Operations Director Ben Miller will retain a combined 15 percent ownership of Gyron. Both executives will also continue to serve in their current roles.

As has been the case with its other recent moves in Europe, including the debut of its new Nordic-focused office and Point of Presence (PoP) in Amsterdam, NTT's Gyron acquisition is centered on extending its cloud services to multisite global companies.

Gyron is just one of several deals the Japanese service provider has made in recent years to advance its global cloud vision. Evidence of this trend was seen last year when the service provider acquired both IT services provider Keane and enterprise cloud provider OpSource.

The NTT Com Group has high hopes that its global vision will create a large revenue source. It has set a goal of reaching operating revenues of at least 1.5 trillion yen, including a doubling of global sales revenues, by 2015.

For more:
- see the release

Related articles:
NTT adds VPLS service to its European service mix
NTT Europe seeks Nordic managed-services opportunities
VSG: AT&T, Level 3 raise global Ethernet profile, while Orange holds first place
NTT Communications builds fiber network targeting Indonesia businesses

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.