LONDON, UK: Digital 9 Infrastructure introduced that its wholly owned subsidiary, Digital 9 Wireless Limited, has accomplished the acquisition of Leeson Telecom Limited (Host Ireland), a quantity one enterprise broadband supplier in Greater Dublin for a complete consideration of roughly €60 million.
Host Ireland owns and operates the highest capability licensed microwave-based Fixed Wireless Access (FWA) community in Greater Dublin.
It provides excessive quality, wi-fi broadband (up to 2 Gbps symmetrical) to 1,600 enterprise customers, together with multinational corporates, authorities our bodies and technology companies for which dependable connectivity is critical.
The acquisition is D9’s first funding into wi-fi infrastructure, one of many Company’s 4 goal digital sub-sectors. The alternative is in line with the Company’s focus on UN Sustainable Development Goal 9, with Host Ireland offering decrease cost and decrease latency connectivity to Irish businesses. The anticipated underlying earnings of this transaction are extremely supportive of the Company’s goal return policy.
Thor Johnsen, Head of Digital Infrastructure at Triple Point Investment Management LLP, commented: “We are very happy to have accomplished the acquisition of Host Ireland, D9’s first wi-fi networks investment. The Host Ireland team has constructed a strong enterprise and we glance ahead to working with them to speed up the company’s expansion plans.”
Digital 9 Infrastructure plc is an funding belief listed on the London Stock Exchange with ticker DGI9. The Company invests within the infrastructure of the web that underpins the world’s digital economy: digital infrastructure.
The quantity 9 in Digital 9 Infrastructure comes from the UN Sustainable Development Goal 9, which focuses the fund on investments that increase connectivity globally and enhance the sustainability of digital infrastructure. D9’s portfolio will comprise scalable platforms and applied sciences together with (but not restricted to) subsea fibre, data centres, terrestrial fibre, and wi-fi networks.
D9’s funding team has over US$ 300 billion in digital infrastructure transaction expertise and in-depth relationships throughout global tech and global telecoms companies. www.d9infrastructure.com