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Political commentators say that Akeredolu, who has an idea about his illness, must have planned it in advance by giving his son such enormous power to render the deputy governor’s office incapacitated. It was learned that Governor Akeredolu allegedly sidelined his deputy with the consent of his wife who was said to be against Aiyedatiwa as her husband’s successor. The governor’s wife is said to prefer Oke, who hails from Ilaje, Ondo South State, to take over from her husband because there might be a gubernatorial ticket. For example, former Governor Mimiko who hails from Ondo Central served for eight years, Akeredolu from Owo, Ondo North will be eight in 2025 so the ticket will automatically revert to Ondo South. Oke and Aiyedatiwa are from Ilaje, Akinterinwa from Ile Oluji, Akintelure who was Akeredolu runner up in 2012 is also from Ondo South. The Guardian concluded that since the governor’s wife had enormous influence in Ondo politics, she probably facilitated the appointment of the current deputy governor before they parted ways. This may not be due to the fact that he felt Aiyedatiwa was too ambitious. But attempts to remove Aiyedatiwa failed. The recent Speaker of the Ondo House of Assembly, Bamidele Oloyeloogun, was involved in a plot to initiate impeachment against Aiyedatiwa, but Oloyeloogun refused to participate. Another dangerous game was propaganda to the immediate past Speaker of the Ondo House of Assembly, whose forces wanted to agree on the impeachment of Aiyedatiwa. Unfortunately, the strategy didn’t work. The plan was to ensure that Oloyeloogun would start an impeachment against Aiyedatiwa, but the former speaker got chills from the move. The idea to force Oloyeloogun to resign was to bring in another speaker, perhaps from Owo, Ondo North, to remove Aiyedatiwa if Akeredolu does not return, but the new speaker, who was supposed to come from Owo, Ondo North, simply resigned. . to complete the governor’s mandate. The new speaker will then have no chance to contest the governorship primaries next year because he is not from Ondo South. Unfortunately, the plan failed. Therefore, Oloyeloogun’s signature on the resignation letter was forged and made available to the media, but a speaker in close proximity shouted that his signature was forged. Aiyedatiwa, who was informed of his impeachment plan, quickly contacted the party’s National Secretariat and the Presidency, who sent security agents to surround the Ondo State House of Representatives to prevent Aiyedatiwa from being impeached or Oloyeloogun resigning as Speaker. Following the March 18, 2023 State House of Assembly polls, the Oloyeloogun-led Ninth House of Assembly was dissolved and a new Speaker, Olamide Oladiji, who hailed from the Central Senate Zone, was elected. This shut down the plan to bring in another speaker from Owo North. to end Akeredolu’s tenure. But the plot to get rid of Aiyedatiwa did not stop, his bad guys also organized another plan claiming that he molested his wife which failed again. Opponents of Aiyedatiwa also believe that although he hails from Ilaje, the southernmost largest constituency, their argument is that Aiyedatiwa does not have the capacity to govern Ondo and is not as deeply rooted as Oke, Akinterinwa, Akintelure and others in Ondo region. politics For them, Aiyedatiwa also lacked the necessary leadership. For example, the deputy governor is said to have started presenting himself as the governor even though power has not yet been transferred to him, portraying the behavior of someone who can intimidate other members of the cabinet. Other party sources said Aiyedatiwa’s ordeal could worsen now that the governor is back. Whatever the case may be, experts are crossing their fingers to see how Akeredolu handles the various security reports and other intrigues and the inclusion of all over time.
June 6, 2024

MainOne acquisition: Equinix acquires the Telecom service provider for $320M

By admin Nov8,2021
equinix-acquires-mainone

Equinix announced today that it is acquiring MainOne, a West African data center and connectivity solutions provider with a presence in Nigeria, Ghana and the Ivory Coast, for $320 million.

The acquisition is expected to close Q1 of 2022, subject to the “satisfaction of customary closing conditions including the requisite regulatory approvals.”

Equinix’s acquisition of MainOne follows a series of moves the global digital infrastructure player made last year when it expanded to India through the acquisition of GPX India for $161 million and acquired 13 data centers from Bell Canada for $780 million.

In a statement, Equinix acknowledged that acquiring MainOne is the first step in its long-term strategy to become an African carrier neutral digital infrastructure company.

“With more than 200 million people, Nigeria is Africa’s largest economy and, along with Ghana, has become an established data center hub. This makes the acquisition a pivotal entry point for Equinix into the continent,” the company said in the statement.

Funke Opeke started MainOne in 2010 after noticing the poor internet connectivity Nigerians had to deal with upon her return to the West African country from the U.S.

Armed with over $200 million in equity and debt investment, Opeke built MainOne as West Africa’s first privately owned, open access undersea high-capacity cable. It’s a 7,000-kilometer cable stretching from Portugal to West Africa with landings along Accra in Ghana, Dakar in Senegal, Abidjan in the Ivory Coast and Lagos in Nigeria.

MainOne also has 1,200 kilometers of terrestrial fiber network across southern Nigeria in Lagos, Edo and Ogun states. Connectivity to terrestrial sites extends across 65 PoPs (points of presence) in cities across Portugal, Nigeria, Ghana and the Ivory Coast.

MainOne’s services are used by over 800 business-to-business customers. They include major international technology enterprises, social media companies, global telecommunications operators, financial service companies and cloud service providers.

Having enabled connectivity for these businesses via three operational data centers, MainOne plans to open an additional facility in Q1 2022, a move that coincides with Equinix’s acquisition.

MainOne, which has a 500-person team, said its facilities generate approximately $60 million annualized revenue with a purchase multiple of approximately 14x EBITDA.

Upon closing, these facilities will add more than 64,000 gross square feet of space to Equinix, with 570,000 square feet of land for future expansions.

Globally, Equinix has 237 data centers across 27 countries. It also provides data center and interconnection services for over 10,000 of the world’s leading businesses, including more than 50% of Fortune 500 companies.

“The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market. MainOne’s leading interconnection position and experienced management team represent critical assets in our aspirations to be the leading neutral provider of digital infrastructure in Africa,” said Charles Meyers, the president and CEO of Equinix in a statement.

“MainOne’s infrastructure, customer relationships, partner ecosystem and operating capability will extend the reach of Platform Equinix and bolster opportunities for customers in Africa and throughout the world.”

MainOne CEO Funke Opeke and the company’s management team will still continue to serve in their respective roles after the acquisition is finalized.

Opeke said the acquisition will accelerate MainOne’s long-term vision to grow digital infrastructure investments across Africa.

“With similar values and culture to what we have jointly built in 12 years, Equinix is the preferred partner for our growth journey. The MainOne team is excited about the partnership created through the acquisition, and we look forward to building our next chapter together,” she added.

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Political commentators say that Akeredolu, who has an idea about his illness, must have planned it in advance by giving his son such enormous power to render the deputy governor’s office incapacitated. It was learned that Governor Akeredolu allegedly sidelined his deputy with the consent of his wife who was said to be against Aiyedatiwa as her husband’s successor. The governor’s wife is said to prefer Oke, who hails from Ilaje, Ondo South State, to take over from her husband because there might be a gubernatorial ticket. For example, former Governor Mimiko who hails from Ondo Central served for eight years, Akeredolu from Owo, Ondo North will be eight in 2025 so the ticket will automatically revert to Ondo South. Oke and Aiyedatiwa are from Ilaje, Akinterinwa from Ile Oluji, Akintelure who was Akeredolu runner up in 2012 is also from Ondo South. The Guardian concluded that since the governor’s wife had enormous influence in Ondo politics, she probably facilitated the appointment of the current deputy governor before they parted ways. This may not be due to the fact that he felt Aiyedatiwa was too ambitious. But attempts to remove Aiyedatiwa failed. The recent Speaker of the Ondo House of Assembly, Bamidele Oloyeloogun, was involved in a plot to initiate impeachment against Aiyedatiwa, but Oloyeloogun refused to participate. Another dangerous game was propaganda to the immediate past Speaker of the Ondo House of Assembly, whose forces wanted to agree on the impeachment of Aiyedatiwa. Unfortunately, the strategy didn’t work. The plan was to ensure that Oloyeloogun would start an impeachment against Aiyedatiwa, but the former speaker got chills from the move. The idea to force Oloyeloogun to resign was to bring in another speaker, perhaps from Owo, Ondo North, to remove Aiyedatiwa if Akeredolu does not return, but the new speaker, who was supposed to come from Owo, Ondo North, simply resigned. . to complete the governor’s mandate. The new speaker will then have no chance to contest the governorship primaries next year because he is not from Ondo South. Unfortunately, the plan failed. Therefore, Oloyeloogun’s signature on the resignation letter was forged and made available to the media, but a speaker in close proximity shouted that his signature was forged. Aiyedatiwa, who was informed of his impeachment plan, quickly contacted the party’s National Secretariat and the Presidency, who sent security agents to surround the Ondo State House of Representatives to prevent Aiyedatiwa from being impeached or Oloyeloogun resigning as Speaker. Following the March 18, 2023 State House of Assembly polls, the Oloyeloogun-led Ninth House of Assembly was dissolved and a new Speaker, Olamide Oladiji, who hailed from the Central Senate Zone, was elected. This shut down the plan to bring in another speaker from Owo North. to end Akeredolu’s tenure. But the plot to get rid of Aiyedatiwa did not stop, his bad guys also organized another plan claiming that he molested his wife which failed again. Opponents of Aiyedatiwa also believe that although he hails from Ilaje, the southernmost largest constituency, their argument is that Aiyedatiwa does not have the capacity to govern Ondo and is not as deeply rooted as Oke, Akinterinwa, Akintelure and others in Ondo region. politics For them, Aiyedatiwa also lacked the necessary leadership. For example, the deputy governor is said to have started presenting himself as the governor even though power has not yet been transferred to him, portraying the behavior of someone who can intimidate other members of the cabinet. Other party sources said Aiyedatiwa’s ordeal could worsen now that the governor is back. Whatever the case may be, experts are crossing their fingers to see how Akeredolu handles the various security reports and other intrigues and the inclusion of all over time.