DIF Capital Partners has invested in Canadian internet service provider RFNOW Inc. to fund the growth of its telecommunications network. Financial terms were not disclosed.
RFNOW currently provides enterprise fiber, residential fiber, fixed wireless internet and phone services throughout its 1,500-kilometer (932-mile) fiber-optic network and tower portfolio in Manitoba and Saskatchewan. The company will enhance telecommunications services for residents, businesses and public services. RFNOW’s high-speed fiber network also will increase economic and societal opportunities to local communities in historically underserved areas.
The investment was made through DIF’s CIF III fund, which invests in small to mid-sized companies that are typically active in the digital, energy transition and sustainable transportation sector.
“RFNOW is offering a tremendously important internet service connecting relatively remote areas with its state-of-the-art fiber technology,