Telecom

Equinix completes acquisition of Nigeria’s MainOne

Equinix completes acquisition of Nigeria’s MainOne
Thursday, 07 April 2022 14:03

U.S.-based technology company Equinix announced on Tuesday (April 5) that it has completed the acquisition of MainOne, a connectivity and data center solutions provider operating in West Africa. The transaction, valued at US$320 million, marks the beginning of Equinix's expansion in Africa.   

With the acquisition of MainOne, Equinix adds four operational data centers to its assets. The company also inherits an extensive submarine fiber network spanning 7,000 km from Portugal to Lagos, Accra, and along the West African coast. It also takes over a terrestrial network of more than 1,200 km of fiber in three Nigerian states (Lagos, Edo, and Ogun). 

The acquisition reinforces Equinix's long-term strategy to become a leading carrier-neutral digital infrastructure firm in Africa. Thanks to that move, Equinix will be able to bring a full range of transformative technologies and connectivity to Nigeria, Ghana, and Côte d’Ivoire under a new brand led by Funke Opeke (photo), founder and CEO of MainOne.

“Expansion in Africa has long been a strategic priority for us. With MainOne, we have found a company that not only has a highly complementary data center and connectivity assets but can further accelerate the expansion of our business model and growth objectives,” said Eugene Bergen, president of EMEA at Equinix, in December 2021, when announcing Equinix’s plan to acquire MainOne. 

Equinix's African expansion comes in a context marked by the renewed interest in Africa’s growing data center market. In that market, growth is driven by strong demand for high-speed connectivity and the accelerating digital transformation. According to the "Data Centers in Africa Focus Report" compiled by Oxford Business Group and the African Data Center Association (ADCA), the African data center market is expected to reach £3 billion (US$3.9 billion) by 2025.

Isaac K. Kassouwi


On the same topic
Pilot allows users to connect to any operator when coverage is weak Initiative targets “white zones” and gaps in network coverage Program...
EcoCash shifts from mobile wallet to full digital ecosystem with social payments Platform adds merchant services, content monetization, and new...
Angola Telecom and Telecom Namibia partner on new regional cable project SARSSy aims to boost redundancy and handle rising data demand More...
Reform targets major cities to improve logistics and mobility Initiative supports growing e-commerce and delivery market demand Benin has taken a...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
04

BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...

BOAD exits BOA Bénin and Niger, Sonimex takes stakes as performance diverges
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.