Equinix, yesterday, introduced its meant acquisition of MainOne, a number one West African knowledge centre and connectivity options supplier, with a presence in Nigeria, Ghana and Côte d’Ivoire. The acquisition has been pegged at $320 million.

The acquisition is anticipated to shut Q1 of 2022 topic to the satisfaction of customary closing circumstances together with the requisite regulatory approvals.

Following the announcement, a number of individuals are already expressing their views concerning the meant acquisition.

Except for the various congratulatory messages and accolades showered on the Funder of Mainone, Mrs Funke Opaka, some consider that there are suspicions within the deal.

A Twitter consumer Osamarine Victor Asemota mentioned “who needs to do a Twitter house dialog concerning the MainOne deal tonight? We should always do extra evaluation of this stuff extra typically. One thing doesn’t fairly sit proper with me on it. Was it competitors they have been afraid of? Why not promote to Google or Fb?”

Subsidy? If mainOne has no less than 3 fibre termination in each state, a lot of people like me would stroll round last-mile protection, if their bandwidth value can be cheap. At supposedly lower than 20% capability utilization, deeper penetration can be the deal-breaker,” one other Twitter consumer wrote.

“I’m truly shocked to learn concerning the deal simply this morning. There was no indication that it was going to occur. And to be promoting to a comparatively unknown purchaser once more! I keep in mind tales concerning the proprietor within the papers about some administration points, possibly that contributed to it,” Adewale wrote.

Mainone had $200MM in debt financing proper? They weren’t making sufficient to make a dent on these money owed within the final 8 years. Their valuation isn’t that low.”

“You solely know the true story of an organization when you’ve entry to their monetary data. Most tales on Web about firms’ successes are half-truths,” Francis wrote.

MainOne was based in 2010. The corporate has enabled connectivity for the enterprise group of Nigeria and past. MainOne’s property embody:

Three operational knowledge centres, with an extra facility beneath development anticipated to open in Q1 2022. These services will add greater than 64,000 gross sq. toes house to Platform Equinix, along with 570,000 sq. toes of land for future expansions.

An in depth submarine community extending 7,000 kilometres from Portugal to Lagos, Accra and alongside the west African coast, with touchdown stations in Nigeria, Ghana and Côte d’Ivoire.

A terrestrial community of greater than 1,200 kilometres of dependable terrestrial fibre in Lagos, Edo and Ogun States. Connectivity to terrestrial websites extends throughout 65 PoPs (factors of presence) in cities throughout Portugal, Nigeria, Ghana and Cote d’Ivoire.

Entry to key web exchanges enabling low latency to key world networks, together with Amazon, Microsoft, Apple, Google and Fb.

An estimated 800+ business-to-business clients, together with main worldwide know-how enterprises, social media firms, world telecommunications operators, monetary service firms and cloud service suppliers.

Practically 500 workers and a administration group with a deep understanding of native and worldwide markets.

The buying firm, Equinix, then again is comprised of 237 knowledge centres throughout 65 metros and 27 international locations, offering knowledge centre and interconnection companies for over 10,000 of the world’s main companies.

In a press release launched yesterday MainOne founder, Mrs Opaka, expressed her delight with the acquisition. “Equinix will speed up our long-term imaginative and prescient to develop digital infrastructure investments throughout Africa. I thank our founding shareholders led by Mr. Fola Adeola, MainStreet Applied sciences, AFC, PAIDF, FBN, Polaris and AfDB for investing within the MainOne imaginative and prescient to bridge the Digital Divide in Africa. With related values and tradition to what now we have collectively inbuilt twelve years, Equinix is the popular accomplice for our progress journey. The MainOne group is happy concerning the partnership created by way of the acquisition, and we stay up for constructing our subsequent chapter collectively,” she mentioned.



Supply hyperlink

About Author

Leave a Reply

Leave a Reply

Your email address will not be published.

Translate »