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Stock impact report

Equinix Buys West Africa's MainOne at $320 Million Valuation [Business News Network (BNN) (Canada)]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
of the continent's biggest tech deals this year, allowing the U.S. data-center investor to tap into a regional data boom. MainOne, founded by entrepreneur Funke Opeke, is the owner of three data centers in Nigeria, Ivory Coast and Ghana, while a fourth is under construction. The company also previously raised funding to lay a sub-sea cable stretching from Portugal to West Africa. The deal includes MainOne's land, “which is probably enough to build another 10 data centers,” Judith Gardiner, Equinix vice president for emerging markets, said in an interview. “There is an expansion plan that will come online next year and we will be concentrating on the region.” The cash transaction is the first move into Africa for California-based Equinix, taking advantage of a predominantly young population with increasing access to the internet. Tech giants such as Amazon.com Inc. and Microsoft Corp. have also invested in data center capacity in African countries in recent years as demand for st Show less Read more
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