Best practices for digital infrastructure businesses impacted by SVB's collapse
The sudden and unexpected closure of Silicon Valley Bank (SVB), which managed US$212 billion in assets, has sent shockwaves through the financial community hav...
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 curren...
April 06
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
Equinix, Inc. (Nasdaq: EQIX) said it will expand into the African continent for the first time through acquiring West African data centre operator MainOne. The transaction has an enterprise value of US$320 million and is expected to be AFFO accretive upon close, excluding integration costs. The acquisition is expected to close Q1 of 2022, subject to the satisfaction of c...
December 07
The Africa Coast to Europe (ACE) submarine cable has been extended down the coast of western Africa from São Tomé and Príncipe to South Africa. The cable is now connecting Duynefontein, north of Cape Town in South Africa, to Penmarch, in the French region of Brittany. Along the 17,000Km route, the cable has sub-lines going into Portugal, Canary Islands, Mauritania, Se...
July 02
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