Acquisition

Equinix completes US$320M acquisition of MainOne, eyes African expansion

WEST AFRICA – Digital infrastructure company, Equinix, has announced the completion of a US$320 million acquisition of West African data center and connectivity solutions provider MainOne.

The completion of this acquisition augments Equinix’s long-term strategy to become a leading African carrier-neutral digital infrastructure company by being able to bring a full range of transformative technologies and connectivity to Nigeria, Ghana, and Cote d’Ivoire.

The deal will extend Platform Equinix into West Africa, giving organizations based inside and outside Africa access to global and regional markets.

Nigeria has both the largest population and the largest economy of any country in Africa, with approximately 142 million active internet subscribers.

Home to new innovative digital ecosystems in fintech and content and digital media, it has a great opportunity for the expansion of digital services.

Equinix believes MainOne, headquartered in Lagos, to be one of the most exciting technology businesses to emerge from Africa, and Lagos is rapidly becoming a key connectivity hub for the wider West Africa region.

Founded by Funke Opeke in 2010, the company has enabled connectivity for the business community of Nigeria and now has digital infrastructure assets, including three operational data centers, with an additional facility in Lagos expected to open in April 2022.

 MainOne’s assets include four operational data centers, which will add more than 64,000 gross square feet of space to Platform Equinix, in addition to 570,000 square feet of land for future expansions.

The company also has an extensive submarine network extending 7,000 kilometers from Portugal to Lagos, Accra and along the West African coast, with landing stations in Nigeria, Ghana, and Côte d’Ivoire.

Additionally, MainOne has a terrestrial network of more than 1,200 kilometers of reliable terrestrial fiber in Lagos, Edo, and Ogun States.

Connectivity to terrestrial sites extends across 65 points of presence (PoPs) in cities across Portugal, Nigeria, Ghana, and Cote d’Ivoire.

Main also has access to key internet exchanges enabling low latency to key global networks, including Amazon, Microsoft, Apple, Google, and Facebook, among other assets.

The closure of the MainOne acquisition marks the latest in a series of strategic acquisitions for the world’s digital infrastructure company.

Source
Deal Street Africa

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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