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West African Startup MainOne To Get Acquired By Equinix For $320M

To expand its horizons, Equinix has acquired West African telecommunication service and network solutions provider, MaineOne. TechCrunch reports the $320 million acquisition is projected to close in the first quarter of 2022. The news follows a year after Equinix acquired GPX India for $161 million and Bell Canada for $780 million back in June 2020. Now, Equinix firmly believes its newest acquisition in Nigeria, Ghana, and the Ivory Coast will be a preliminary step to solidify its presence as an African digital infrastructure company. “The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market. MainOne’s leading interconnection position and experienced management team represent critical assets in our aspirations to be the leading neutral provider of digital infrastructure in Africa,” said Charles Meyers, the president and CEO of Equinix, in a statement, according to TechCrunch. “MainOne’s...

Dec 7, 2021