DIF Capital Partners has plans to invest in Joink, a telecommunications infrastructure company that currently provides enterprise fiber, residential fiber and fixed wireless services in western Indiana and eastern Illinois.
The partnership will allow Joink to expand its fiber optic network to residential and enterprise customers at a faster pace.
The investment will be made via the DIF Core Infrastructure Fund II (DIF CIF II), which had raised more than €1 billion ($1.2 billion) as of June.
“DIF believes the future fiber-to-the-home roll out is critical to ensure that residents in Indiana and Illinois have reliable high-speed internet access through Joink’s fiber network,” said Willem Jansonius, partner and head of investments for the DIF CIF strategy. “Joink’s approach to investing in residential fiber infrastructure fits DIF’s ambition to invest in the U.S. fiber industry.”
