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GIC to acquire minority stake in European telecom infrastructure provider
Transactions - OCTOBER 19, 2021

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GIC to acquire minority stake in European telecom infrastructure provider

by Kali Persall

GIC has agreed to acquire a 30 percent stake in CETIN Group, a telecommunications infrastructure provider operating across Central and Eastern Europe, from PPF Group.

CETIN Group was formed as a result of a structural separation of infrastructure business from O2 Czech Republic and three Telenor branded operators in Eastern Europe. Today, CETIN Group represents four CETIN operating companies in the Czech Republic, Bulgaria, Hungary and Serbia.

CETIN Group operates a high-quality telecommunication infrastructure portfolio, including full scope of mobile access network assets, extensive fiber backbone and aggregation network, and high-capillarity fixed access network, according to the company’s website.

Following the transaction, PPF will retain a majority 70 percent ownership of the company, and GIC will have appropriate representation on the company’s board of directors.

“As a long-term investor, we are confident that the digital infrastructure sect

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