Interxion Enters into Agreement for Controlling Interest in Icolo and Establishes Strategic Partnership with Pembani Remgro Infrastructure Fund
INTERXION HOLDINGS (INXN)
Last interxion holdings earnings: 11/7 07:50 am
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Source: Business Wire
AMSTERDAM--(BUSINESS WIRE)--Interxion Holding N.V. (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services today announced that it has entered into an agreement to acquire a controlling interest in Icolo, a Kenyan data centre operator, and that it has also entered into a strategic partnership with the Pembani Remgro Infrastructure Fund (PRIF). As part of these transactions, PRIF will invest in Icolo and will collaborate and co-invest with Interxion on expansion initiatives across the African continent. The transaction is expected to close in 1Q 2020.Since Interxion’s initial investment in March 2016, Icolo has delivered strong growth and has established itself as a leading African carrier and cloud-neutral data centre operator. With two data centres in Kenya currently in operation, Icolo is experiencing strong demand from cloud and content platforms and across the enterprise segment. Acquisitions of 25,000 sqm of land for further expa
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