Tuesday, June 28th, 2022

Equinix a tech giant moves to acquire MainOne.

Equinix a tech giant moves to acquire MainOne.

Foreign firm, Equinix has announced that it is acquiring MainOne, a West African data center and connectivity solutions in a deal of $320, the deal is to be sealed in the first quarter of 2022. The California-based digital infrastructure company, said that, the acquisition is a way of expanding into Africa since MainOne has a

Foreign firm, Equinix has announced that it is acquiring MainOne, a West African data center and connectivity solutions in a deal of $320, the deal is to be sealed in the first quarter of 2022. The California-based digital infrastructure company, said that, the acquisition is a way of expanding into Africa since MainOne has a presence in Nigeria, Côte d’Ivoire, and Ghana.

Equinix set to acquire MainOne.

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

The company also said, “The transaction has an enterprise value of $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.

President and Chief Executive Officer, Equinix, Charles Meyers, said, “The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market.

The Founder and CEO, MainOne, Funke Opeke, said, “Equinix will accelerate our long-term vision to grow digital infrastructure investments across Africa.

“I thank our founding shareholders led by Mr. Fola Adeola, MainStreet Technologies, AFC, PAIDF, FBN, Polaris and AfDB for investing in the MainOne vision to bridge the Digital Divide in Africa. With similar values and culture to what we have jointly built in twelve years, Equinix is the preferred partner for our growth journey.

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