1st Apr 2021 18:05
Digital 9 Infrastructure PLC - investment trust - Completes acquisition of Aqua Comms DAC, a platform owning and operating some 14,300 kilometres of trans-Atlantic sub-sea fibre systems for GBP160 million.
"The acquisition of Aqua Comms represents a significant first step for D9. We believe that the investment has been made at an attractive valuation compared to recent similar transactions in the market. In addition, there are further major fibre systems and developments not reflected in the historical financials or historical valuation metrics," said Thor Johnsen, head of Digital Infrastructure at Triple Point Investment Management LLP.
Current stock price: 100.75 pence
By Dayo Laniyan; [email protected]
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