Tag: Equinix

  • New era for MainOne as Equinix appoints new leadership

    New era for MainOne as Equinix appoints new leadership

    In a major milestone in the African IT sector, MainOne’s parent company, Equinix Inc, has named Wole Abu its new Managing Director. This comes after the West African business completed the $320 million purchase of MainOne in Nigeria, which was initially announced in 2022.

    Mr Abu will succeed Funke Opeke as Equinix’s Managing Director for West Africa, MainOne on Tuesday confirmed on its website.

    In this role, Mr Abu will oversee the company’s digital infrastructure expansion across the region, leading efforts to enhance connectivity and support growth in West Africa.

    Ms Opeke, albeit stepping down as MD, will serve in advisory capacity until March 2026.

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    Equinix announced that Mr Abu will oversee its operations in Nigeria, Ghana, and Côte d’Ivoire. The company acquired MainOne for $320 million in December 2021. Having established MainOne’s strong presence across these three countries, Equinix views this acquisition as its gateway into the African market.

    Pioneering Growth: Equinix’s New Era in Africa

    Wole’s appointment as Managing Director for Equinix’s West African business follows shortly after the opening of Equinix’s newest data center in Johannesburg and in his role, he will oversee the Equinix business in West Africa, work closely with both local businesses and multinational companies to build on the strong foundations for connectivity and growth in the region bringing the opportunity of Equinix to the West African region, the company said.

    Before his current role, Abu served as CEO for Liquid Intelligent Technologies Nigeria and Africa Data Centre, where he was responsible for leading digital infrastructure initiatives across Nigeria and beyond.

    With more than two decades of expertise in the Nigerian telecom sector, Wole is an experienced leader.

    Abu is creative, strategic, and ethical in business and governance. Abu aspires to alter Nigeria’s telecom industry with his passion, leadership, and drive.

    His previous experience also includes senior roles with Airtel and Pan African Towers, where he gained extensive expertise in telecommunications and infrastructure development across Africa. These roles provided him with a deep understanding of the industry’s complexities and the needs of businesses seeking advanced connectivity solutions throughout the continent.

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     “I’m excited to be joining Equinix, as we share a common vision for expanding digital infrastructure across Africa,” Abu said in a statement provided by Equinix.

    “This mission is crucial for bringing life-enhancing services to the region and bridging the digital divide. By empowering both enterprises and individuals, we’re enabling broader participation in the global digital economy. I’m eager to contribute to this transformative work and help create a more connected, accessible digital landscape throughout Africa.”

    Regarding Abu’s appointment, Equinix’s vice president for Growth and Emerging Markets, Judith Gardiner, said, “This marks a significant milestone for Equinix as we continue to develop our presence in Africa, establishing crucial strategic data hubs, accelerating digital technology development, supporting our customers, and contributing to the continent’s immense growth potential through robust digital infrastructure.”

  • Equinix Announces $30Million Main One Acquisition Deal 

    Equinix Announces $30Million Main One Acquisition Deal 

    Equinix announced on Monday that it had completed its $320 million acquisition of MainOne, a provider of data center and connectivity services in West Africa. According to Equinix, this is the beginning of the company’s push into Africa.

    Equinix say, its attempts to deliver a comprehensive range of technologies and connectivity to Nigeria, Ghana, and Cote d’Ivoire have been boosted by this acquisition.

     

    What This New Development Means For Africa Tech Space

    As a result of this transaction, enterprises both inside and outside Africa will have greater access to global and regional markets. With 142 million active internet connections, Nigeria boasts Africa’s largest population and greatest economy. New digital ecosystems in fintech and content and online media have created a huge opportunity for digital service expansion in the city.

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    About MainOne

    One of Nigeria’s leading digital infrastructure providers, Funke Opeke’s company was founded in 2010 and already has three operational data centers, as well as plans for an additional facility in Lagos that will open in April 2022. MainOne, based in Lagos, Nigeria, is considered by Equinix to be one of Africa’s most intriguing technological companies, and Lagos is quickly emerging as a significant connection hub for the greater West African region.

     

    What Equinix Will Get From MainOne

    Platform Equinix will get 64,000 gross square feet of additional space from MainOne’s assets, including four operational data centers and 570,000 square feet of land for future expansions.

     

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    Extensive underwater network from Portugal to Lagos, Accra, and along the West African coast, with landing points in Nigeria, Ghana, and Côte d’Ivoire. MainOne, an Equinix entity, will henceforth be known as “MainOne.”

     

    More On Equinix Strategic Moves

    Equinix has made a string of strategic acquisitions, the most recent of which was the sale of MainOne. It has been stated that Equinix plans to acquire three Entel data centers as part of its South American expansion in December 2021, after the announcement of its aim to acquire MainOne at the end of that year.

    Announcing the acquisition of 13 Bell data centers and two highly linked data centers in Mumbai through GPX’s acquisition in October 2020 and September 2021, respectively, both acquisitions followed the announcements.