RDIF-led consortium completed the acquisition of Linxdatacenter (Svyaz VSD) from Linx Telecommunication.

RDIF, a sovereign wealth fund, ER-telecom, a Russian telecommunication holding company, and Talos Fund, an UAE-based investment fund, completed the acquisition of Linxdatacenter (Svyaz VSD), a global provider of high-end colocation, cloud and connectivity solutions for business, from Linx Telecommunication. Financial terms were not disclosed. "The acquisition of Linxdatacenter assets together with a strong Russian strategic player and our partner from the Middle East with access to unique technological solutions is aimed at accomplishing an ambitious goal of accelerating the development of Russia's digital infrastructure. The priority for our platform is to develop Russia’s leading cloud service based on advanced AI technologies. Successful implementation of the project will be possible by using RDIF’s experience in implementing high-techprojects, ER-Telecom’s technological support as well as the expertise of the Fund’s international partners," Kirill Dmitriev, Russian Direct Investment Fund CEO.