NTT takes No. 3 spot in Europe's data-center market with e-Shelter buy

• In taking an 86.7% stake in Germany's e-Shelter, Nippon Telegraph & Telephone (NTT -0.8%) makes itself a key player in Europe's data center industry, jumping into the No. 3 spot in the market.
• E-Shelter is Germany's top operator of data center services, managing 90K square meters of space in Germany, Switzerland and Austria.
• The hotly contested market is growing at 9% a year, according to Gartner.
• For its part, NTT operates more than 130 data centers worldwide.
• The move follows shortly behind a merger of Telecity (OTCPK:TLEIY) with InterXion (NYSE:INXN) to create a leader in that space.