U.S.-based digital infrastructure company Equinix has announced its acquisition of MainOne, a leading West African data center and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d'Ivoire.
The deal, expected to close around the first quarter of 2022, and subject to regulatory approvals has an enterprise value of $320 million, according to a company statement.
Founded in 2010, MainOne has enabled connectivity for Nigeria's business community and now has digital infrastructure assets including three operational data centers, with an additional facility under construction expected to open in the first quarter of 2022.
MainOne owns and operates a subsea network from Nigeria to Portugal, as well as 1,200 kilometers of reliable terrestrial fiber network across southern Nigeria.
The acquisition is expected to provide organizations based inside and outside of Africa access to one of the world's fastest-growing markets.