In a move to expand into the growing data center market in India, NTT Communications will acquire a controlling stake in Netmagic Solutions, a leading managed hosting provider in India. The acquisition, in which NTT is buying 74 percent of NetMagic's shares, is subject to the approval of authorities in India.
The addition of Netmagic Solutions’ datacenter services and sites will expand NTT Com’s capability to provide IT solutions in the fast-growing Indian market, the company said as well as accelerate its offering of globally seamless cloud services through expanded ICT infrastructure across Asia. read the rest here