Rostelecom to acquire major data center and Internet infrastructure company

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery.

In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at the current exchangerate); then the operator will invest an additional 1.73 billion rubles ($26.7 million) to increase its stake to 50.1%.

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