Digital Colony has announced a strategic recapitalization of Beanfield Metroconnect, an independent telecommunications infrastructure provider in Canada. In connection with this transaction, the company has acquired the metro network of Aptum Technologies, a global hybrid cloud and managed services provider.
The strategic recapitalization includes C$255 million ($180 million) of financing, positioning Beanfield to capitalize on a variety of new segments and revenue opportunities.
In partnership with Digital Colony, Beanfield has significantly scaled its platform to connect individuals and businesses in Canada’s two largest urban markets. Since Digital Colony made a substantial investment in 2019, the company has grown its network footprint tenfold from approximately 400 route kilometers (248 miles) to more than 4,000 across both markets. The company’s ability to service on-net buildings has also increased almost sixfold from approximately 550 buildings to 3,200 bui
