MOSCOW: Rostelecom’s subsidiary Rostelecom Datacenters has completed the deal to acquire a 100% share of DataLine, the second largest datacentre provider in Russia. The Board of directors approved the deal on 20 November 2019.
Rostelecom is the Russia’s largest digital communication services provider.
Mikhail Oseevskiy, President of Rostelecom, commented: “The acquisition of DataLine strengthens Rostelecom’s competitive position, making a significant contribution to its leadership in the growing market of cloud solutions and large-scale infrastructure and product ecosystems, which is currently growing at 2-digit growth rates. The acquisition will support Rostelecom’s efforts to expand the range and increase flexibility of services through its growing portfolio.”
Yury Samoilov, Director General of DataLine, commented: “DataLine’s acquisition by Rostelecom provides a major growth opportunity to improve our service through a significantly wider range of products and solutions and better geographical accessibility. The deal will strengthen both companies’ competitive positions and generate higher standards of service quality and enlarged geographical outreach. DataLine is not expecting any personnel changes.”
Edited by Nayyar Iqbal