Equinix expands into Africa with the completion of its US$320 million acquisition of MainOne

Equinix Inc, the world’s digital infrastructure agency, stated that it has finalized the acquisition of MainOne, a West African knowledge heart, and connectivity options supplier, for an enterprise worth of US$320 million, marking the beginning of the corporate’s growth into Africa. 

Equinix’s long-term technique to grow to be a number one African carrier-neutral digital infrastructure agency can be bolstered by its skill to convey a broad spectrum of transformational applied sciences and connectivity to Nigeria, Ghana, and Cote d’Ivoire with the completion of this transaction. 

Platform Equinix® can be expanded into West Africa because of this acquisition, enabling enterprises based mostly each inside and outdoors of Africa entry to world and regional markets. 

With round 142 million energetic web connections, Nigeria has the best inhabitants and economic system of any African nation. 

It has plenty of potential for increasing digital companies as a result of it’s dwelling to new modern digital ecosystems in fintech, content material, and digital media. 

MainOne, based mostly in Lagos, is among the most attention-grabbing expertise firms to emerge from Africa, in response to Equinix, and Lagos is shortly turning into an important connection hub for the bigger West African area. 

Based in 2010 by Funke Opeke, the corporate has supplied a connection for the Nigerian enterprise neighborhood and presently has digital infrastructure belongings, together with three working knowledge facilities and a fourth facility in Lagos deliberate to open in April 2022. 

The acquisition of MainOne is the latest in a protracted line of serious acquisitions for the world’s digital infrastructure supplier. 

Equinix has introduced development in South America with the anticipated acquisition of three Entel knowledge facilities to speed up digital transformation prospects for native companies and world organizations, following the information of its plans to amass MainOne in December 2021. 

Each offers got here after GPX India introduced plans to purchase 13 Bell knowledge facilities in Canada and two extremely linked knowledge facilities in Mumbai in October 2020 and September 2021, respectively.

 

Learn extra on Tech Gist Africa:

Equinix is buying MainOne in Nigeria for $320 million as a part of its growth into Africa

Swvl, an Egyptian mobility firm, has gone public on the Nasdaq change

Waspito, a Cameroonian e-health startup, has raised $2.7 million in seed funding

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