<\/p>\n
Equinix, Incorporated has announced that it is acquiring Nigerian Communications company, MainOne founded by Funke Opeke, in a $320m deal that is set to be sealed in the first quarter of 2022.<\/span><\/strong><\/p>\n <\/p>\n According to Equinix, the acquisition is its way of expanding into Africa since MainOne has a presence in Nigeria, Ghana, and C\u00f4te d\u2019Ivoire.<\/span><\/p>\n <\/p>\n The company added that the deal was still subject to the satisfaction of customary closing conditions including the requisite regulatory approvals.<\/span><\/p>\n <\/p>\n The company said, \u201cThe 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\u2019s long-term strategy to become a leading African carrier neutral digital infrastructure company.<\/span><\/p>\n <\/p>\n President and Chief Executive Officer, Equinix, Charles Meyers, said, \u201cThe acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market.<\/span><\/p>\n <\/p>\n Reacting to the acquisition, Opeke said, \u201cEquinix will accelerate our long-term vision to grow digital infrastructure investments across Africa.<\/span><\/p>\n <\/p>\n \u201cI 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.<\/span><\/p>\n <\/p>\n \u201cThe MainOne team is excited about the partnership created through the acquisition, and we look forward to building our next chapter together.”<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Equinix, Incorporated has announced that it is acquiring Nigerian Communications company, MainOne founded by Funke Opeke, in a $320m deal that is set to be sealed in the first quarter of 2022. According to Equinix, the acquisition is its way of expanding into Africa since MainOne has a presence in Nigeria, Ghana, and […]<\/p>\n","protected":false},"author":1,"featured_media":2350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,7],"tags":[1353,1354,1355],"class_list":["post-2349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-telecom","tag-equinix","tag-funke-opeke","tag-mainone"],"yoast_head":"\n