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Knowledge centre agency Equinix is about to accumulate Nigerian connectivity supplier MainOne for £237 million within the first quarter of 2022.
Introduced in December, the deal stays topic to regulatory approval earlier than Equinix can totally incorporate MainOne’s 500 workers into its personal community.
The transaction marks the California-based agency’s first transfer into Africa because it plans to faucet the area’s rising web entry. It additionally comes as one in all 2021’s greatest tech offers for the continent.
Funke Opeke based MainOne in 2007 to bolster Africa’s worldwide connectivity and supply native broadband providers. The corporate launched the MainOne submarine cable between Africa and Portugal in 2010.
It opened its first information centre in 2015 and now has three in Nigeria, Ivory Coast, and Ghana, with a fourth underneath building.
The West African firm at the moment generates round £45 million in annual income and offers providers to Google and Fb. Equinix, who function in 27 international locations and personal 237 information centres, could have a foothold on each continent if the acquisition is accepted.
John Dinsdale, Synergy Analysis Group’s chief analyst and analysis director, mentioned: “Africa has been the lacking piece within the Equinix jigsaw, and this acquisition of MainOne will likely be a terrific first step onto the continent. The demand for information centre providers in Africa is powerful, with Nigeria on the epicentre of exponential financial progress in West Africa.
“Nigeria is Africa’s largest nation by each inhabitants and economic system, and its progress drivers embrace speedy cell adoption, elevated information consumption from its younger inhabitants, good subsea and terrestrial connectivity, and a powerful enterprise market. That is advancing the area towards a extra digitalised economic system and driving information centre progress and growth to offer much-needed digital infrastructure.”
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