Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Exclusive: Fortrade sees 72% Revenue increase in 2020 to £26.7M forex news
  • Australian Govt consults on relief for foreign financial service providers forex news
  • FCA cancels permission of Master FinCapital forex news
  • Exness sets volume record with July at $974.5 billion forex news
  • Cboe issues statement on passing of Wayne Luthringshausen forex news
  • AMF study reveals rise in number of retail investors forex news
  • FSCS declares nine firms in default in June and July 2021 forex news
  • ASIC looks to ban payment-for-order-flow in Australia forex news

Equinix to acquire MainOne for $320M

Posted on 2021-12-07 By admin No Comments on Equinix to acquire MainOne for $320M

Digital infrastructure provider Equinix, Inc. (NASDAQ:EQIX) today announced its expansion into Africa through its intended acquisition of MainOne, a leading West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire.

The acquisition is expected to close Q1 of 2022, subject to the satisfaction of customary closing conditions including the requisite regulatory approvals.

The transaction has an enterprise value of US $320M and is expected to be AFFO accretive upon close, excluding integration costs, marking the first step in Equinix’s long-term strategy to become a leading African carrier neutral digital infrastructure company. With more than 200 million people, Nigeria is Africa’s largest economy and, along with Ghana, has become an established data center hub. This makes the acquisition a pivotal entry point for Equinix into the continent.

Equinix believes MainOne to be one of the most exciting technology businesses to emerge from Africa. 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 under construction expected to open in Q1 2022.

Upon closing, these facilities will add more than 64,000 gross square feet of space to Platform Equinix®, with 570,000 square feet of land for future expansions. MainOne owns and operates a subsea network from Nigeria to Portugal, as well as 1,200 kilometers of reliable terrestrial fiber network across southern Nigeria. These are all improving connectivity to and from Europe, West African countries and the major business communities in Nigeria.

When completed, this acquisition will extend Platform Equinix into West Africa, giving organizations based inside and outside of Africa access to one of the world’s fastest growing markets.

Charles Meyers, President and CEO, Equinix:

“The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market. MainOne’s leading interconnection position and experienced management team represent critical assets in our aspirations to be the leading neutral provider of digital infrastructure in Africa.

Growth of data consumption in Africa is amongst the fastest in the world, and our customers are looking for a trusted partner to pursue the opportunities presented by broad mobile adoption and greater connectivity across the region. MainOne’s infrastructure, customer relationships, partner ecosystem and operating capability will extend the reach of Platform Equinix and bolster opportunities for customers in Africa and throughout the world.”

Under the terms of the transaction, the management team, including CEO Funke Opeke, will continue to serve in their respective roles.

forex news Tags:forex-news

Post navigation

Previous Post: Deutsche Börse’s Clearstream launches new sustainability service for fund distributors
Next Post: eToro reduces minimum trade size for stocks, crypto and ETFs

Related Posts

  • Trader Reviews: Is the GMI Markets platform reliable? forex news
  • NZ regulator launches legal action over insider trading in Pushpay shares forex news
  • Mogo appoints Allan Smith as Head of Carta Worldwide forex news
  • Schroders announces senior appointments to Sustainable Investment Team forex news
  • SEC reaches partial settlement with trader involved in $3.6M front-running scheme forex news
  • SIX integrates Japanese list into its Sanctioned Securities Monitoring Service forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Saxo Bank clients can use OpenAPI to trade Crypto FX forex news
  • Mohamad Daher named Chief Executive Officer of CFI UK forex news
  • CME Group to launch two new dedicated cryptocurrency market data channels forex news
  • FX week in review: B2Prime launch, XTB revenues down, Exness volumes top $1.5T forex news
  • ASIC issues statement on ASX24 futures market outage forex news
  • Spotware releases cTrader Desktop 4.1 with USD currency switch, direct crypto deposits forex news
  • StanChart appoints Maria Ramos to its Remuneration Committee forex news
  • Interactive Brokers accused of evading document production in Ponzi scam case forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme