Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
Nigeria
Equinix kicks off results season with $1.7bn sales
Equinix, Inc. (Nasdaq: EQIX) has reported a Q1 revenue increase of 9% over the same quarter last year to US$1.7 billion, or 10% on a normalized and constant currency basis, representing the company's 77th consecutive quarter of revenue growth. Operating Income was US$267 million, a 7% increase o...
April 28
Equiano subsea cable lands in Nigeria
Google and cable landing partner WIOCC have announced the landing in Lagos, Nigeria, of the Equiano subsea cable. The cable will start in Portugal in western Europe, run more than 12,000km along the West Coast of Africa and initially land in Lomé, Togo; Lagos, Nigeria; Swakopmund, Namibia; Rupert’s Bay, Saint Helena and Melkbosstrand, South Africa; establishing a valuabl...
April 25
Nigeria breaks ground on $250m data centre campus
Nigerian company Kasi Cloud Ltd. (Kasi), backed by the Nigerian Sovereign Investment Authority (NSIA), has broken ground on a US$250 million data centre development in Lekki, Lagos. The campus will cover an area of four hectares and once fully developed, it will stand as one of the biggest of its kind in Africa. Kasi Co-Founder and CEO Johnson Agogbua, said: “Kasi’s ...
April 20
Equinix commits to outdoing Amsterdam data centre investment in Lagos
US data centre REIT Equinix (NASDA: EQIX) said it is committed to invest the necessary capital and knowledge to expand its footprint in the Nigerian capital of Lagos to a size greater than its portfolio in Amsterdam. Judith Gardiner, VP Growth and Emerging Markets at Equinix, said: “Our expectations are high given what we have learned about the vision of the Lagos State G...
April 11
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