Pembani Remgro teams up with Digital Realty to buy Medallion

Image Credit: Pixabay

South Africa-based Pembani Remgro Infrastructure Managers has teamed up with Digital Realty, an NYSE-listed provider of global cloud- and carrier-neutral data center solutions to buy Medallion Data Centres, a Nigerian colocation and interconnection firm. As well as acquiring Medallion’s two data centers, the joint venture is also buying a parcel of land in Lagos to allow for expansion. The joint venture will be part of Pembani’s Infrastructure fund portfolio.

How much the joint venture is paying for the business had not been disclosed as we went to press. Medallion operates data centers in Lagos, the continent’s most populous urban metropolitan area with 15 million people, and in Abuja, Nigeria’s capital. The firm’s Lagos facility is a major connectivity hub for West Africa, providing services to more than 70 carriers and ISPs and responsible for over 80% of the public traffic on the Nigerian Internet Exchange. The data center is also the peering point for all subsea cables currently in operation in Nigeria and has plans to serve as the peering point for nine new subsea cables that are planned to be in operation in the city within the next 2 years.

To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at] today.