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Digital Realty Forms Joint Venture to Acquire Medallion Data Centres, Retains Nnamani as CEO

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Digital Realty, the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions and Pembani Remgro Infrastructure Fund has announced the formation of a joint venture to acquire Medallion Data Centres, Nigeria’s leading colocation and interconnection provider.

Digital Realty Forms Joint Venture to Acquire Medallion Data Centres, Retains Nnamani as CEO

Medallion operates two data centers, one in Lagos, the most populous urban metropolitan area in Africa with approximately 15 million people, and one in Abuja, the capital of Nigeria.

Medallion’s Lagos data center is the leading connectivity hub in Western Africa with over 70 carriers and internet service providers, over 80% of the public peering traffic on the Nigerian Internet Exchange, and a peering point for all subsea cables currently operating in Nigeria with plans to serve as a peering point for the nine new subsea cables scheduled to be in operation in Lagos by 2023.

With a population of over 200 million, Nigeria is Africa’s most populous country and the seventh most populous in the world.  Its GDP is the largest in Africa and was the 26th largest globally in 2019.

With a large and young population, a growing and diversifying economy as well as a maturing regulatory environment, Nigeria has experienced strong economic growth in recent years.

As part of the transaction, the joint venture is also acquiring a land parcel adjacent to the Lagos data center to provide near-term expansion capacity.

Medallion’s management team, led by Ike Nnamani, CEO and co-founder, will continue to lead the business.

Separately, Digital Realty and Pembani Remgro Infrastructure Fund have successfully partnered with Kenyan data center operator iColo since 2019, and iColo announced today that it will enter Mozambique through the development of its first data center in the country, located in the capital and port city of Maputo.

The iColo campus in Mombasa was recently expanded to deliver an additional 1.6 megawatts of power and 12,900 square feet of capacity for new and existing customers, along with the new subsea cable landing equipment.

In addition, iColo has expanded its Nairobi campus with the acquisition of an additional 215,000 square feet of land that will support 14 megawatts of future data center capacity.

Africa is evolving into a major interconnection hub for data-driven businesses that require a scalable, future-proof platform to facilitate global hybrid and multi-cloud infrastructure.

The deployment of PlatformDIGITAL®, Digital Realty’s market-leading global data center platform, across Africa will enable multinational and local businesses to rapidly scale their digital transformations by deploying critical infrastructure with a leading global data center provider at the heart of a growing connected data community in the region.

William Stein, chief executive officer, Digital Realty, said that “Over the next decade, there will be huge opportunity for global businesses to tap into Africa’s expanding internet economy – with predictions that it could reach 5.2% of the continent’s GDP by 2025, contributing nearly $180 billion to its economy (up from $115 billion in 2020). By 2050, the internet economy has the potential to contribute $712 billion1. Through major investment in the continent’s internet infrastructure, Digital Realty aims to be a core enabler of these economic and quality of life gains.

“There is a huge opportunity to both meet growing customer demand for connectivity in Africa and improve the internet infrastructure that serves over one billion people2 who don’t yet have proper access to the benefits of internet.  The expansion of our platform announced today is a leap forward but it’s just the start of our $500 million commitment to investment in the continent over the next decade.  We see a huge opportunity to underpin Africa’s expanding internet economy and play a central role in its growth.”

Rahiel Nasir, research analyst at 451 Research, part of S&P Global Market Intelligence, also said that  “With its youthful population, Africa has seen the rise of a tech-savvy generation that is fueling ever-greater demand for digital services.  This is being boosted by the expansion of fiber networks, terrestrial and subsea connections that continue to connect major metro areas34.  Data centers play a vital role in the communications infrastructure landscape.  Without them, further digital development across the continent risks hitting a roadblock, especially for enterprises seeking colocation and cloud services as part of their digital transformations5.  According to our latest forecasts, overall multi-tenant data center capacity in the Middle East and Africa will see a compound annual growth rate of 10% from 2020 to 2023.  We estimate that net operational floorspace will increase from 5.4 million to 7.2 million square feet during the forecast period, with net UPS power rising from around 733 megawatts to almost 900 megawatts6.”

Rakesh Kukreja, managing director at iSAT Africa, stated that “We need to make internet access affordable, reliable and power efficient for people in rural areas of Africa where low potential revenue and difficulty reaching customers have previously made it impossible.  Digital Realty and Pembani Remgro Infrastructure Fund’s expansion across Africa will bring IP aggregation points closer to much of Africa’s underserved population, and alongside innovations like LTE and Optimized Satellite for 3G, 4G and Wi-Fi networks, are now helping tackle this challenge.  iSAT Africa’s focused aim is to bring these technologies together towards bridging the digital gap in rural and ultra-rural African communities, in addition to bringing the benefits of good connectivity to people and businesses everywhere.”

 

 


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MTN Urges Nigerian to Regards Telecom Infrastructure as National Assets

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Ikenna Ikeme, general manager of Regulatory Affairs at MTN Nigeria, has called on citizens and authorities to regard telecommunications infrastructure as vital national assets rather than merely the property of telecom providers.

MTN Urges Nigerian to Regards Telecom Infrastructure as National Assets

Ikeme made these remarks while sharing his perspective as a member of the telecommunications industry and his experience in the regulatory field with participants of the MTN Media Innovation Programme in Lagos.

Highlighting the urgency, Ikeme stated that network infrastructure is often targeted during disputes with telecom companies, leading to deliberate acts of vandalism or service disruptions.

He stressed that such critical assets deserve the same level of protection as any essential national facility, arguing, “You cannot destroy national infrastructure or shut it down whenever there is a grievance.

With the protection of the government, the current administration has declared telecommunications infrastructure as critical national infrastructure, deserving of this level of security. “

Ikeme expressed optimism that this development would reduce destructive incidents and foster a more stable environment for telecommunications services.

Looking ahead, Ikeme reaffirmed MTN’s commitment to long-term investment in Nigeria, stating that, ‘we intend to remain, to grow, and to keep contributing positively to the nation’s development.’

In closing, Ikeme touched on the evolving landscape of telecommunications in Nigeria, noting the importance of media support in promoting constructive narratives.


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Bitget Launches $6M Global Crypto Trading Contest with New Competitive Segments

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Bitget, a cryptocurrency exchange and Web3 company, has launched its annual global trading competition with a total prize pool of six million USDT.

In a statement made available to our correspondent on Sunday, the company disclosed that the contest includes new segments such as team battles, bot trading, copy trading, and on-chain trading. Participants from over 100 countries are expected to join the competition.

According to Bitget Chief Executive Officer Gracy Chen, the event is designed to promote community participation and trading activity across multiple formats. She said the competition will include region-based leaderboards, early registration rewards, and opportunities for top traders.

Chen said, “Every year during KCGI we witness traders across the globe strategise, synchronise, and innovate. There’s a lot of community and teamwork involved; KCGI is our way of showing gratitude to our top traders. That said, we’re excited to kick off this year’s competition with six million USDT up for grabs and a range of dynamic challenges ahead. We’re inviting our community to lead, win, and shape the future of trading.”

She noted that participants may get rewards beyond trading performance, including access to LALIGA matchdays, MotoGP passes, and other non-cash prizes.

The competition introduces four main categories: Team Battle, Copy Trading Showdown, Bot Trading Competition, and On-chain Arena. Each category focuses on a different aspect of digital asset trading and strategy execution.

“The official Team Battle segment begins July 24, but the smart money moves early. Traders who register now not only secure their seat, but they also set the tone for the event. Get in early. Build your team. Shape the leaderboard. KCGI 2025: This isn’t just trading; it’s a full-on battle with rewards.” She said.


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Operators Seek Action Over Persistent Vandalization of Telecommunications Infrastructure Across Nigeria

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The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has expressed deep concern over the increasing wave of vandalization and theft of telecommunications infrastructure across the country.

According to a statement signed by Engr. Gbenga Adebayo, chairman, ALTON, “since the Federal Government’s decisive interventions earlier this year to support industry sustainability, our members have committed unprecedented levels of investment in network optimization and capacity upgrades. New systems are being deployed, transmission equipment modernized, power systems overhauled, and thousands of kilometers of fiber optic networks currently being laid and expanded.

“Our industry has not seen this scale of investment in recent years. We are working round the clock to improve the quality of service nationwide and we cannot afford these setbacks.

“Unfortunately, between May and July, 2025, multiple incidents of vandalism were recorded across cell sites in Rivers, Ogun, Osun, Imo, Kogi, Ekiti, Lagos, Federal Capital Territory Abuja and many other states.

“These acts of sabotage have significantly disrupted network services, causing widespread connectivity blackouts leading to degradation of services and severely impacting millions of subscribers”.

He noted that, the affected infrastructure, primarily belong to ALTON members, as well as other network operators and those who depend on operators for connectivity.

He said identified critical components targeted to include; power cables, rectifiers, fiber optic cables, feeder cables, diesel generators, batteries, and solar systems are vandalized and stolen from active sites.

“These are not mere materials, but they are the backbone of our digital economy, security systems, and national communications grid.

“We are alarmed at the frequency, intensity, and geographical spread of these incidents. States such as Delta, Rivers, Cross Rivers, Akwa Ibom, Ogun, Ondo, Edo, Lagos, Kogi, FCT, Kaduna, Niger, Osun, Kwara and Federal Capital Territory, Abuja have recorded the highest number of attacks on telecom infrastructure. These attacks have led to prolonged downtimes, network congestion, widespread blackouts, and degradation of service quality.

The public he said, must be reminded that telecommunications infrastructure is classified as Critical National Infrastructure (CNI) under the National Security framework. This classification is backed by Federal Government Gazette No. 133, Volume 108, dated 17th March 2021. Vandalism, sabotage, or illegal possession of these assets is a serious criminal offense with grave consequences.

ALTON expressed concerned about the rising market for stolen telecom equipment, such as:

– Power Cables, Power rectifiers, which are stolen from base station and sold into open markets

– Batteries which are stolen from base stations and sold for home and office inverters.

– Solar panels that are stripped from telecom sites and resold to unsuspecting households.

– Diesel fuel being siphoned from sites and traded on the grey market.

“We urge the public to be vigilant and refrain from purchasing suspicious items. If you buy stolen telecom equipment, you are not just complicit you are part of the crime.

We appeal to every Nigerian to please join us in the fight against the vandalization of telecom infrastructure.

“These assets serve us all, they enable our banking systems, security infrastructure, emergency response, education, health services, and the very platforms that power daily communication. An attack on telecom infrastructure is an attack on our economy and our security.

“A second, recurring and deeply worrying issue is the widespread damage to underground fiber optic cables caused by road construction and related civil infrastructure projects along major highways and urban roads. These activities have led to significant service outages and financial losses,” he added.

ALTON called on: – the Office of the National Security Adviser (ONSA), the Inspector General of Police, the Director General, Department of State Services (DSS), and the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC)

to immediately deploy the necessary resources to protect telecommunications infrastructure and prevent a total breakdown of communications across the country.

“We commend the Nigerian Communications Commission (NCC) for its proactive efforts in safeguarding national telecom infrastructure, particularly through the creation of a dedicated reporting portal.

“This initiative empowers citizens to play an active role in protecting critical assets by reporting incidents of vandalism or suspicious activity via protect@ncc.gov.ng or by dialing 622.

“Such forward-thinking measures are vital to ensuring the resilience and security of our communications network. This is a desperate and urgent hour. The industry cannot fight this battle alone. We need coordinated national action by the security agencies, the government at all levels, regulators, the media, civil society, and the public. Our national security, economic stability, and digital future depend on it,” the statement noted.


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