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‘Digital Realty’s $500m investment to boost economy’

By Adeyemi Adepetun
08 November 2021   |   2:01 am
The Chief Executive Officer of Medallion Data Centres Limited, Ikechukwu Nnamani, has expressed satisfaction with Digital Realty’s $500 million worth of investment into the country.

Chief Executive Officer of Medallion, Ikechukwu Nnamani

The Chief Executive Officer of Medallion Data Centres Limited, Ikechukwu Nnamani, has expressed satisfaction with Digital Realty’s $500 million worth of investment into the country.
 
Nnamani said the entrance of Digital Realty would help actualise the Federal Government’s plan to create a fully digital economy.
 
Nnamani, in a statement, expressed delight at the successful conclusion of the transaction and pointed out that Nigeria is the biggest beneficiary of this development. According to him, for Nigeria to transition to a fully digital economy, it will need next generation telecoms infrastructure of which datacentres are critical part.

  
“None of the global digital content and cloud service providers have their storage or compute nodes in Nigeria or any of the West African countries. To attract global players in the telecom and ICT space to Nigeria, we must have world class datacentres operating at hyperscale level.
 
“Although Medallion has a robust datacenter business and rated as one of the best datacentre operator in the region, we realised, we needed a global player with international experience to work with if we are to fulfill the expectation of the emerging datacentre market in the sub-region,” the statement added.
  
This prompted Medallion to structure investment with Digital Realty, largest global provider of cloud- and carrier-neutral data centres, colocation and interconnection solutions. Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data centre, colocation and interconnection solutions.
 
PlatformDigital, the company’s global data centre platform, provides customers a trusted foundation and proven Pervasive Datacentre Architecture solution methodology for scaling digital business and efficiently managing data gravity challenges.
 
Digital Realty’s global data centre footprint gives customers access to the connected communities that matter to them with 291 facilities in 47 metros across 24 countries on six continents. Digital Realty currently maintains over 167,000 cross connects and a client base of over 4,000 customers.

Apart from upgrading the Medallion existing datacenters to global standards, new world class datacenters will be built in the West African sub-region leading to job creation, rapid acceleration of the digital economy, and much needed foreign direct investment into the sub-region