Digital 9 Infrastructure PLC Investment into subsea & terrestrial fibre system (6725G)
28 Julio 2021 - 1:00AM
UK Regulatory
TIDMDGI9
RNS Number : 6725G
Digital 9 Infrastructure PLC
28 July 2021
28 July 2021
DIGITAL 9 INFRASTRUCTURE PLC
("D9" or the "Company")
GBP50m investment into subsea and terrestrial fibre system
The Company is pleased to announce that is has entered into
definitive agreements to deploy over GBP50 million into the
development of a new intercontinental fibre system.
Key highlights:
-- The new system is an innovative, carrier-neutral network
platform between Europe, the Middle-East and India comprising
subsea and terrestrial fibre assets which will connect key
locations in these regions.
-- The Company is investing over GBP50 million over a three-year
period, alongside a leading global content provider and
consortium.
-- Aqua Comms, the subsea fibre operating business acquired by
the Company immediately following its IPO in March 2021, will
market and operate this route under the name Europe Middle-East
India Connect 1 (EMIC-1).
-- This project, which is one of the pipeline investments
identified at IPO, will add a further key route to D9's existing
portfolio of subsea fibre networks and forms part of the Company's
global expansion plan for subsea fibre routes. Following completion
of the new system, the Company will have an interest in
approximately 30,000km of subsea and related terrestrial fibre
networks, connecting four continents.
Commenting on the transaction, Thor Johnsen, Head of Digital
Infrastructure at Triple Point, said:
"This investment reaffirms D9's guiding principle: to improve
digital infrastructure globally and reduce the digital divide. We
continue to make progress on the Company's wider pipeline of
investment opportunities and we look forward to providing further
updates to the market on these in due course. In addition, we
expect this innovative network to unlock further digital
infrastructure opportunities."
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT
Triple Point Investment Management LLP
(Investment Manager)
Thor Johnsen
Andre Karihaloo +44 (0) 207 201 8989
J.P. Morgan Cazenove (Corporate Broker)
William Simmonds
Jérémie Birnbaum +44 (0)207 742 4000
Akur Capital (Financial Adviser)
Tom Frost
Anthony Richardson
Siobhan Sergeant +44 (0)207 710 7600
LEI: 213800OQLX64UNS38U92
NOTES:
Digital 9 Infrastructure plc is a newly established, externally
managed investment trust which invests in a range of digital
infrastructure assets which deliver a reliable, functioning
internet.
"Digital infrastructure" refers to the critical infrastructure
required for the internet to operate and, essentially, refers to
everything from fibre networks that connect continents, businesses
and homes (the very "backbone" of the internet), to the data
centres that organisations use to house their critical networks of
computer and storage resources, and to the towers and small cells
that carry data traffic wirelessly to the end user.
The Company is focused on the provision of Digital
Infrastructure integrated with green and cleaner power in line with
UN Sustainable Development Goal 9: "Build resilient infrastructure,
promote inclusive and sustainable industrialization and foster
innovation".
The Company's portfolio will comprise future proofed,
non-legacy, scalable platforms and technologies including (but not
limited to) subsea fibre, data centres, terrestrial fibre, tower
infrastructure and small cell networks (including 5G).
The Investment Manager is Triple Point Investment Management LLP
("Triple Point") which is authorised and regulated by the Financial
Conduct Authority, with extensive experience in asset and project
finance, portfolio management and structured investments. The
Investment Manager's digital infrastructure team has a proven track
record of over US$2 billion of infrastructure investments and, in
addition, benefits from a panel of digital infrastructure industry
experts with deep knowledge, relationships and involvement in a
combined US$250 billion of digital infrastructure transactions.
The Company's Ordinary Shares were admitted to trading on the
Specialist Fund Segment of the Main Market of the London Stock
Exchange on 31 March 2021.
For more information, please visit www.d9infrastructure.com
.
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END
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