Newly launched investment trust, Cordiant Digital Infrastructure announced that it has acquired telecoms and TV towers firm České Radiokomunikace and an unnamed Norwegian fibre network plus land.
The mobile towers business in the Czech Republic and a fibre network in Norway were acquired for a combined total of £451 million. The deal comprises £318 million in equity and the assumption of £133 million in debt.
České Radiokomunikace was owned by Macquarie Asset Management for around 10 years and was now sold to Cordiant. With the deal, the investment trust gained 660 TV, radio and telecoms towers, around 300 microwave connections, a network of 4,850 kilometres of fibre and six edge data centres
Benn Mikula, Managing Partner and co-CEO of Cordiant Capital said, “This is an exciting time to be investing in digital infrastructure and we look forward to updating you on the first investments in the coming months.”
České Radiokomunikace was described by the trust as “a highly successful digital infrastructure platform with contracted, long term, growing revenues in a strong and dynamic Central European country demonstrating rapid convergence with the economies of the European Union’s historic core.”
“Growth opportunities for CRA [České Radiokomunikace] exist in supporting the mobile operators with infrastructure as well as in expanding the size and reach of the data centre platforms. There is significant potential to expand CRA’s early, successful, network offerings in the Internet of Things. The network already offers smart metering for water, electricity and gas for companies including E.ON and RWE.”
The fibre network in Norway has not been named yet.
deVere Europe’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Europe’s Head of Public Relations on firstname.lastname@example.org or call +44 2071220925