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Nnamani Upbeat on Digital Realty’s $500m Investment, Says it will Boost Nigeria’s Digital Economy

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Ikechukwu Nnamani / William Stein
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Following the acquisition of Medallion Data Centres, Nigeria’s leading colocation and interconnection provider by Digital Realty, the largest global provider of cloud- and carrier-neutral data center, Engr. Ikechukwu Nnamani, Chief Executive Officer of Medallion Data Centres Limited (formerly Medallion Communications Limited), has said that the investment is a major boost towards Nigeria’s quest for a fully digital economy in the near future.

Ikechukwu Nnamani / William Stein

“The entrance of Digital Realty into Nigeria is truly significant as it ensures that the plan by the Federal Government of Nigeria to create a fully digital economy will be actualized,” he said in a statement today in Lagos following the announcement by Digital Reality.

Engr. Nnamani, expressed delight at the successful conclusion of the transaction and pointed out that Nigeria as a country is the biggest beneficiary of this development. According to him, for Nigeria to transition to a fully digital economy, it will need next generation telecom infrastructure of which datacenters is a critical part.

“None of the global digital content and cloud service providers has 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 datacenters operating at hyperscale level.

“Although Medallion has a robust datacenter business and rated as one of the best datacenter operator in the region, we realized we needed a global player with international experience to work with if we are to fulfill the expectation of the emerging datacenter 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 centers, 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 Datacenter Architecture (PDx™) 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 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

The combination of the strong regional presence of Medallion, together with Digital Realty’s continued investment in PlatformDIGITAL, the company’s global data centre platform – will support customers in Nigeria and the continent as they navigate digital transformation strategies and the complexities of rapidly growing demand, the need for global coverage, and additional capacity.

Digital Reality had earlier this week in its attempt to foray significantly into the African datacenter market, which many analysts and industry watchers described as untouched, announced the investment of $500million into the African datacenter ecosystem with a huge part of the investment going into the Nigerian market.

The investment is through a joint venture with the Pembani Remgro Infrastructure Fund. Also, as part of the transaction, the joint venture is also acquiring a land parcel adjacent to the hitherto Medallion Lagos data centre to provide near-term expansion capacity with Medallion’s management team, led by CEO and Co-Founder Engr. Ikechukwu Nnamani still leading the business.

Speaking on the investment, William Stein, Chief Executive Officer of Digital Realty, said there is a need to tap into the Africa’s expanding internet economy, noting that over the next decade, there will be huge opportunity for global businesses to tap into with predictions that it could reach 5.2 percent of the continent’s GDP by 2025, contributing nearly $180 billion to its economy up from $115 billion in 2020.

“Starting with Medallion Data Centres in Nigeria, Digital Realty aims to be a core enabler of African economy through major investment in the continent’s internet infrastructure, that serves over one billion people who do not yet have proper access to the benefits of internet,” he said.

William disclosed that the expansion of Digital Realty into the African internet infrastructure is a leap forward but it is just the start of a $500 million commitment to investment in the continent over the next decade, stressing Digital Realty sees a huge opportunity to underpin Africa’s expanding internet economy and ultimately, play a central role in its growth.

This makes the first time a global pure real estate investment trust (REIT) will be entering the country and beats rivals including Equinix (NASDAQ: EQIX), CyrusOne (NYSE: CONE), and CoreSite Realty (NYSE: COR) on entrance into the market. The presence of REITs like Digital Realty in any country is the first step towards the establishment of local content and infrastructure by global hyperscale service providers whose services digitally transform the country of operation.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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NCC Bars Ex-Officials from Joining Telecom Firms for 5 Years

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Nigerian Communications Commission (NCC) has introduced strict corporate governance rules that will bar its top officials from taking up roles in telecom companies they regulate until five years after leaving office.

NCC Bars Ex-Officials from Joining Telecom Firms for 5 Years

Under the new Corporate Governance Guidelines for the Communications Industry, the Chairman, Executive Vice-Chairman, and Board Commissioners, both executive and non-executive, are barred from being appointed to any position in a licensed telecom company until five years after their exit from the Commission.

Similarly, Directors of Departments at the NCC face a three-year cooling-off period before they can take jobs with any licensee under the Commission’s supervision.

The move, announced on August 11, 2025, seeks to enhance transparency, accountability, and ethical standards in Nigeria’s fast-growing telecommunications industry.

Departmental directors face a three-year cooling-off period before joining any licensee under the agency’s oversight.

This policy aims to prevent conflicts of interest and ensure impartial regulation.

By creating a clear separation between regulators and the industry, the NCC hopes to curb undue influence and maintain public trust.

]The guidelines reflect a global trend in regulatory bodies enforcing cooling-off periods.

Similar measures exist in industries like finance and energy to safeguard against regulatory capture.

For Nigeria’s telecom sector, this is a significant step toward aligning with international best practices.

The NCC’s new framework also targets telecom operators’ internal governance.

Board chairmen or vice-chairmen are barred from holding executive powers or serving as MD/CEO of a licensee.

Former board chairmen and non-executive directors must wait five years before assuming executive roles in the same company or its affiliates.

Additionally, no more than two family members can serve on a licensee’s board simultaneously.

These measures aim to promote balanced board structures and reduce nepotism.

Dr Aminu Maida, executive vice-chairman, NCC, emphasised the importance of these reforms.

“Corporate governance is no longer a soft requirement. It is now a strategic imperative,” he said during the guidelines’ launch in Lagos.

Maida highlighted that robust governance correlates with better business performance, citing an NCC internal review. Companies with strong governance frameworks consistently outperform peers in service delivery, financial management, and regulatory compliance.

Nigeria’s telecom sector is a cornerstone of its digital economy. With over 222 million active mobile subscriptions as of Q1 2025, the industry supports critical sectors like finance, healthcare, and education.

However, challenges like cybersecurity threats, energy shocks, and rising consumer demands have exposed governance weaknesses. The NCC’s new rules aim to address these by fostering transparency, accountability, and innovation.

The guidelines apply to all communications companies holding individual licences and paying Annual Operating Levies (AOL) under the AOL Regulations 2022.

The NCC has indicated flexibility in applying the rules across different licence categories, with phased compliance measures to be communicated in writing. While the rules may cause short-term disruptions for operators, the NCC insists that long-term benefits, like improved service quality and market trust, will outweigh these challenges.

 


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Airtel, Vodacom sign Network Infrastructure Agreement to Drive Digital Inclusion

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Airtel Africa and Vodacom Group have announced a strategic infrastructure sharing agreement in key markets including Mozambique, Tanzania and the Democratic Republic of Congo (DRC), subject to regulatory approvals in the various countries.

The agreement marks a transformative milestone in promoting digital inclusion and expanding access to reliable connectivity across Africa.

The initial partnership focuses on sharing fibre networks and tower infrastructure, to accelerate the roll-out of digital services in these markets, increasing connectivity for customers while reducing operators’ infrastructure costs and improving speed to market.

By leveraging existing infrastructure, the collaboration aims to deliver improved connectivity, faster internet speeds, and more reliable services. This will not only enhance customer experience but also assist with providing access to digital services for a broader population, particularly those in underserved areas, helping to bridge the digital divide in Africa.

Vodacom Group’s chief executive officer Shameel Joosub said: “Providing connectivity to empower people is at the core of our strategy. Our partnership with Airtel Africa is a proactive step forward in creating a sustainable, inclusive, and connected digital future for the continent.

Through infrastructure sharing, we can provide cost-effective services to more people, more rapidly, ensuring that no one is left behind in the digital age. As we fulfil our ambition to connect 260 million customers by 2030, the need for scalable and cost-efficient network solutions becomes increasingly significant.

This partnership provides us with the opportunity to narrow the digital divide, empowering more individuals and communities through digitalisation across the continent. It is aligned with our purpose to connect for a better future,” concludes Joosub.

Airtel Africa’s chief executive officer Sunil Taldar said: “This partnership is aligned with our unwavering commitment to delighting our customers by always making our network available to them even in the remotest locations.

“Working with Vodacom, we will open greater access to digital and financial opportunities which will transform the lives of our customers while complying with all regulatory requirements.

“Even as competitors, it has become a business imperative for us to collaborate in the provision of critical infrastructure required to build resilient network with strong capacity to support the emerging digital technologies as well as the growing need for data-enabled products and services.

“Accelerating the deployment of fibre connectivity is a key enabler in the acceleration of 4G and 5G technologies in Africa to deliver the high-speed, low-latency, and reliable connections needed for modern digital applications.

“This partnership allows for further opportunities for both operators to enhance network performance, extend coverage, and increase mobile, fixed, and financial services leveraging a broader footprint on the continent.”


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Truecaller Crosses 100m Users in MEA Region

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Truecaller, a global caller ID and spam prevention platform, has reached 100 million active users in the Middle East and Africa (MEA) region, representing a 19% year-over-year increase.

According to the platform, the region’s main markets include Egypt, Nigeria, South Africa, Kenya, Algeria, Ghana, and Jordan.

Truecaller is routinely utilised on 20% to 45% of connected cellphones in these areas, including Android and iOS devices, according to the business.

The app has gained traction across the African continent with its concept of resolving communication issues for individuals and businesses by blocking unsolicited calls.

It has also collaborated with local businesses, forming major partnerships including a recent cooperation with Telecom Egypt to change consumer communication and experience by providing safe, customised, and seamless calling experiences.

Truecaller’s CEO, Rishit Jhunjhunwala, stated that the service has grown organically in markets such as MEA and India due to the mobile first environment, which uses a user’s mobile number as the primary identifier of calls. He under-lined that the MEA market provides a growth-enabling environment.

“We’re continuing to strengthen our organisation and our partnerships in the region, because we believe that the MEA is poised for significant growth for many years ahead,” said Jhunjhunwala.


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