EQUINIX INC acquired MainOne Cable Company Ltd for $278.4 million, a transaction completed in April 2022, structured as Stock purchase (all outstanding shares).
MainOne Cable Company Ltd operates in EMEA. MainOne Cable Company Ltd., representing four data centers as well as a subsea cable and terrestrial fiber network across West Africa (Nigeria, Ghana, Cote d'Ivoire). The acquisition marked Equinix's entry into the African market.
Equinix acquired MainOne and its assets to expand into and meet customer demand in the West African market, entering Africa with data centers plus a subsea cable and fiber network.
Equinix's entry into Africa - four data centers plus a subsea cable and terrestrial fiber network across West Africa.
Advisory firms were not disclosed for this transaction.