Equinix, an American digital infrastructure company, announced on Monday that it had completed the $320 million acquisition of MainOne, a West African data center, and connectivity solutions provider.
This new acquisition, according to Equinix, marks the start of the company’s expansion into Africa.
Equinix’s efforts to deliver a comprehensive range of technologies and connectivity to Nigeria, Ghana, and Cote d’Ivoire have been boosted by the completion of this transaction.
Platform Equinix will expand into West Africa as a result of this acquisition, enabling enterprises based both inside and outside of Africa access to global and regional markets. With around 142 million active internet connections, Nigeria has the greatest population and economy of any African country.
It has a great opportunity for the expansion of digital services because it is home to new innovative digital ecosystems in fintech, content, and digital media.
MainOne’s assets comprise four active data centers and 570,000 square feet of land for potential expansions, totaling more than 64,000 gross square feet of space for Platform Equinix.
A 7,000-kilometer submarine network connecting Portugal to Lagos, Accra, and the West African coast, with landing points in Nigeria, Ghana, and Côte d’Ivoire. The company will now be known as “MainOne, an Equinix company.”
Equinix has completed the latest in a series of strategic acquisitions with the closing of the MainOne deal. Equinix has announced growth in South America with the anticipated acquisition of three Entel data centers to accelerate digital transformation prospects for local businesses and global organizations, following the news of its plans to acquire MainOne in December 2021.
Both deals came after GPX India announced plans to buy 13 Bell data centers in Canada and two highly linked data centers in Mumbai in October 2020 and September 2021, respectively.