On 1 August 2022, Digital Realty announced that it had completed the purchase of a majority stake in Teraco, previously controlled by Berkshire Partners, Permira and a group of investors.

[1][2] As the local telecommunications market began to deregulate, Teraco's founders recognised an opportunity for a truly vendor-neutral data centre offering in South Africa.

[3][4] Teraco is majority-owned by Digital Realty (NYSE: DLR) and a consortium of private equity investors, including Berkshire Partners LLC and Permira.

[5][6][7] In 2012, the company created NAPAfrica, a fully funded non-profit neutral Internet eXchange Point (IXP).

[18] After completing an Environmental Impact Assessment, Teraco was granted permission to store 210,000 litres of diesel on site.