Cordiant Digital Infrastructure Ltd Completion of the Acquisition of Emitel (5093G)

TIDMCORD

RNS Number : 5093G

Cordiant Digital Infrastructure Ltd

16 November 2022

16 November 2022

LEI: 213800T8RBBWZQ7FTF84

Cordiant Digital Infrastructure Limited

Completion of the Acquisition of Emitel

Cordiant Digital Infrastructure Limited (the "Company"), an investor in the core digital infrastructure that enables modern communications and the internet, is pleased to announce that, following the Company's announcement on 7 November 2022 of its receipt of the final regulatory approval for the acquisition of Emitel S.A., the acquisition has completed.

For Further Information, please visit www.cordiantdigitaltrust.com or contact:

 
Cordiant Capital Inc. 
 Investment Manager 
 Stephen Foss, Managing Director       [phone] 
Celicourt 
 PR Adviser                            [phone] 
 Philip Dennis / Felicity Winkles 
 
 Aztec 
 Company Secretary and Administrator 
 Chris Copperwaite / Laura Dunning      [phone] 
 

Notes to Editors:

About Emitel S.A. ("Emitel")

Emitel is a market leading digital services platform in Poland with a diverse portfolio of infrastructure assets, including:

-- a nationwide network of over 577 communication towers, providing terrestrial coverage for 99% of the country;

-- a blue-chip customer base that includes Poland's leading mobile operators, national broadcast television and radio companies;

   --    a supporting fibre-optic network; and 

-- an 'Internet of Things' sensor network serving utilities and municipalities and the national government.

Emitel is organised around four operating segments:

-- TV and Radio Broadcasting - the major of distributor digital terrestrial television (DTT) using the DVB-T2 standard and Hybrid broadcast broadband TV (HbbTV), as well as Internet Protocol television (IPTV), over the top (OTT) services, and Video on Demand (VoD). Emitel is also the incumbent analogue and digital radio broadcasting (DAB) services provider.

-- Mobile - serving all 4 mobile telecommunications operators through a growing portfolio of mobile service towers (a substantial proportion of which are 'tall towers') with an average tenancy ratio of 2.0x. Emitel continues to expand its towers with a build-to suit programme with Orange.

-- "Internet of Things" - data transmission infrastructure, distributed antennae systems (DAS) and sensor-based services for government entities and large utilities.

-- Transmission - digital transmission and backhaul services to telecoms operators and the government through its fibre-optic network as well as microwave links.

About the Company

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and telecommunication and broadcast towers - "the plumbing of the internet" - in the UK, the European Economic Area (EEA) and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com .

The Company listed on the London Stock Exchange under the ticker CORD in February 2021. The Initial Public Offering was upscaled to GBP370m. Since listing, in total the Company has successfully raised c.GBP800m in equity, deploying or committing most of the proceeds into three acquisitions. In June 2022, the Company signed a EUR200 million Eurobond facility, providing fresh committed capital to finance working capital and new acquisitions.

The three acquisitions include CRA, a leading independent digital infrastructure platform in the Czech Republic, Hudson Interxchange, a strategic interconnect datacentre located in New York, and Emitel, a multi-asset digital infrastructure platform, based in Poland. Together these assets offer stable, often index linked income, and the opportunity for growth, in-line with the Company's Buy, Build & Grow strategy.

About the Investment Manager

Cordiant Capital Inc. ("Cordiant"), the Company's investment manager, is a sector-focused investment manager with substantial expertise and experience in digital infrastructure. Cordiant invests in global infrastructure and real assets, running infrastructure private equity and infrastructure private credit strategies through limited partnership funds and managed accounts. Cordiant's current client base consists of global insurance companies, pension plans and family offices.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQEAKFSFLEAFFA

(END) Dow Jones Newswires

November 16, 2022 02:00 ET (07:00 GMT)