Cordiant Digital Infrastructure says Speed Fibre acquisition presents "significant opportunities"
November 09, 2023 at 05:37 am EST
Share
(via NewsDirect)
Cordiant Digital Infrastructure Ltd (LSE:CORD) Managing Director David Kippen and Vice President Joel Ntamirira visit the Proactive London studio to speak with Thomas Warner about how the business has been performing, and what investors can expect for the future.
The visit follows the recent announcement of the acquisition of Speed Fibre Group in Ireland, a move which Ntamirira says exemplifies the company's investment ethos, purchased at an attractive 8.3 times EBITDA. He says that the acquisition of Speed Fibre Group, a key player in the wholesale backhaul segment, aligns with Cordiant’s objective of tapping into burgeoning markets like Ireland, where digitalization has led to substantial GDP growth.
The investment in Speed Fibre is poised to leverage Ireland's forecasted data rate increases, suggesting a promising growth trajectory for the company. Looking ahead, Kippen says that Cordiant aims to continue their "buy, build, and grow" strategy, focusing on acquiring cash-flowing assets and expanding them through capital expenditure.
Upcoming results announcements are expected, and the firm sees the current market as an opportune moment for deploying capital into data centres, towers, and especially the fibre sector, reinforcing their commitment to contributing to a low-carbon future through digital infrastructure investment.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Cordiant Digital Infrastructure Limited is an externally managed closed-ended investment company. The Company's principal activity is to invest in digital infrastructure assets. The Company is the owner and operator of digital infrastructure assets in the United Kingdom, the European Economic Area and North America. Its investment objective is to generate attractive total returns (on a risk-adjusted basis) for shareholders over the longer term, comprising capital growth and a progressive dividend, through investment in digital infrastructure assets. The Company invests in the core infrastructure of the digital economy, including data centers, fiber-optic networks and telecommunication and broadcast towers in Europe and North America. It seeks to generate total returns of at least 9% per annum over the longer term. Its diversified assets, in Europe and the United States serve blue-chip clients, on long term, often index-linked, contracts. Its investment manager is Cordiant Capital Inc.
CORDIANT DIGITAL INFRASTRUCTURE LIMITED 
