IFC pours extra $30m into Africa Infrastructure Investment Managers’ AIIF4 fund
IFC, a member of the World Bank Group, has carried out a US$30 million equity investment in the Africa Infrastructure Investment Fund 4 Partnership (AIIF4) to finance infrastructure deployments, including digital real estate. The fund, managed by Africa Infrastructure Investment Managers (AIIM),...
January 15
Laser Light, WIOCC strike $129 million master services agreement for Africa
Laser Light Companies and WIOCC have signed a five-year US$129 million master services agreement to bulk up Africa’s digital infrastructure backbones. As part of the terms, Laser Light will contract with WIOCC for capacity on terrestrial and subsea cables in and around Africa and support services. In turn, WIOCC will use Laser Light for its global connectivity needs be...
July 17
Equinix officially begins to operate in Africa as $320m acquisition closes
Equinix, Inc. (Nasdaq: EQIX) has completed its deal to acquire West African data centre and connectivity solutions provider MainOne for an enterprise value of US$320 million. The closing of the transaction marks the beginning of activity by the world’s largest data centre operator which currently enjoys a market capitalisation of US$65.5 billion. The now absorbed MainO...
April 06
Equinix sets $7.25bn revenue target for 2022 and announces 17 expansion projects
Equinix, Inc. (Nasdaq: EQIX) has set its financial guidance for the year of 2022 and the data centre provider is expecting between US$7.202 - US$7.252 billion in revenues, a 9% increase over 2021 or a normalised and constant currency increase of 9 - 10%. The guidance shows an expected adjusted EBITDA of US$3.307 - US$3.337 billion, a 46% adjusted EBITDA margin. ...
February 16
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