Cordiant Digital Infrastructure Limited has entered into an agreement to acquire the entire issued share capital of Speed Fiber DAC, Ireland-based fiber infrastructure provider, for €190 million ($206 million).
On closing, Speed Fiber will be the fourth digital infrastructure platform acquired by the company since its launch in 2021 and is consistent with its investment program of buying strategic, cash flow–generating platforms under its “buy, build and grow” model.
Speed Fiber operates 5,400 kilometers (3,355 miles) of owned and leased fiber and wireless backhaul across Ireland, on which it provides dark fiber, wavelength and ethernet services to a mix of carriers, internet service providers, corporate customers and the government.