Digital infrastructure firm Equinix, Inc. (Nasdaq: EQIX) immediately revealed plans to enter the South African market. The corporate introduced a $160 million information heart funding in Johannesburg to boost its present footprint on the African continent in Nigeria, Ghana and Côte d’Ivoire.
In accordance with the official announcement, the brand new information heart is anticipated to open mid-2024.
Equinix has been increasing its international footprint lately with announcement of plans to construct a brand new information heart in Malaysia and funding in a brand new information heart in Colombia. Moreover, the corporate accomplished the acquisition of West African information heart and connectivity options present, MainOne, in April 2022.
With the brand new funding, the corporate enters strategically necessary connectivity hub for digital networks. The South African market boasts a big community of submarine communications cables, established at a number of factors throughout the nation’s 2,850 kilometres of shoreline.
Eugene Bergen, President, EMEA, Equinix, stated:
We entered the African continent earlier this yr with the acquisition of MainOne, the main West African information heart and connectivity options supplier with presence in Nigeria, Ghana and Côte d’Ivoire. This funding will give each South African companies the chance to broaden internationally and international companies to broaden into South Africa.
Each will be capable to speed up their progress by quickly scaling their infrastructure, simply adopting hybrid multicloud architectures and interconnecting with enterprise companions by means of the Platform Equinix ecosystem of greater than 10,000 prospects.
