DIF Capital Partners, through its DIF Core Infrastructure Fund II (DIF CIF II), has completed a majority investment into Valley Fiber to build fiber networks in Manitoba, Canada.
The transaction also includes the acquisition of 40 operating fixed-wireless towers.
Valley Fiber is a telecommunications infrastructure company that specializes in the development, construction and operations of fiber and fixed-wireless infrastructure for residential and commercial use. The company currently operates in more than 20 municipalities in Manitoba.
DIF said its investment will allow Valley Fiber to connect more than 15,000 homes and businesses to fiber over the next two years.
The transaction is the first investment for DIF CIF II and follows its strategy to invest in digital infrastructure.
Willem Jansonius, head of DIF CIF noted the deal presents an “excellent opportunity” for the fund to invest in a high-growth company and expand its presence into the t
