Equinix, Inc. (NasdaqGS:EQIX) agreed to acquire Main One Cable Company Nigeria Limited for enterprise value of $320 million on December 6, 2021. It's an all-cash transaction. MainOne will operate under a new brand MainOne, an Equinix company. The management team, including Chief Executive Officer Funke Opeke, will continue to serve in their respective roles. MainOne have nearly 500 employees and a management team with a deep understanding of local and international markets. The acquisition is subject to the satisfaction of customary closing conditions including the requisite regulatory approvals and expected to close in Q1 of 2022. As per the latest press release, the transaction is expected to close in early Q2 of 2022. The acquisition is expected to be AFFO accretive upon close, excluding integration costs. Richard Smith, James Cook, Mike Lane, Phil Linnard, Philippe Chappatte, John Nevin, Richard Keczkes and Rob Sumroy of Slaughter and May advised Equinix.

Equinix, Inc. (NasdaqGS:EQIX) completed the acquisition of Main One Cable Company Nigeria Limited on April 1, 2022.