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NTT Com to buy cloud networking provider Virtela, invest in RagingWire

NTT Communications Corp. today upgraded its cloud service capabilities through a pair of transactions. The Japan-based global service provider says it has reached an agreement to buy Virtela Technology Services Inc., a global managed and cloud network services company, for approximately $525 million in cash. The carrier also says it will acquire an 80% stake in RagingWire Data Centers for $350 million. Read More