Equinix, an American digital infrastructure company, announced on Monday it has completed its deal to acquire West African data centre and connectivity solutions provider MainOne for a value of $320-million. Equinix says that this new acquisition marks the beginning of its expansion into the African continent.
This acquisition will extend Platform Equinix into West Africa, giving organizations based inside and outside of Africa access to global and regional markets. Nigeria has both the largest population and the largest economy of any country in Africa, with approximately 142 million active internet subscribers. Home to new innovative digital ecosystems in fintech and content and digital media, it has a great opportunity for the expansion of digital services.
MainOne’s assets include four operational data centres, which will add more than 64,000 gross square feet of space to Platform Equinix, in addition to 570,000 square feet of land for future expansions.