Sale completes disposal of Ireland Infrastructure’s Fund’s investment portfolio
Speed Fibre operates 5,400 kilometres of owned and leased fibre and wireless backhaul across the State and is “well positioned” to serve the growing data centre sector here, Cord said in a statement.Irish fibre network operator Speed Fibre Group is to be sold to a UK investment fund in a €180.5 million deal.
Cordiant Digital Infrastructure , a London-based infrastructure investor specialising in the digital economy, will acquire the entire share capital of the Dublin-anchored group from the State-backed Irish Infrastructure Fund and global infrastructure investment manager InfraBridge. The price tag includes an equity consideration of €97 million funded by €68 million in cash and €29 million through a loan note, Cord said on Thursday.
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