Digital 9 Infrastructure
{{Use dmy dates|date=December 2022}}
{{Use British English|date=December 2022}}
{{Infobox company
| name = Digital 9 Infrastructure
| logo = Digital 9 Infrastructure logo.png
| type = Public limited company
| traded_as = {{lse|DGI9}}
| foundation = {{start date and age|df=yes|2021}}
| location = St Helier, Jersey
| key_people = {{ubl
|Phil Jordan (chairman)
}}
| industry = Digital infrastructure
| products =
| homepage = {{URL|https://www.d9infrastructure.com/}}
| footnotes =
}}
Digital 9 Infrastructure is an investment company which invests in digital infrastructure. It is listed on the London Stock Exchange. The company is managed by Triple Point Investment Management, a firm based in London.{{cite web|url= https://www.investmentweek.co.uk/news/4060584/digital-infrastructure-lead-managers-step |title= Digital 9 Infrastructure lead managers step down|date=22 November 2022|newspaper=Investment Week| access-date=30 November 2022}}
History
The company was the subject of an initial public offering on the specialist fund segment of the London Stock Exchange in March 2021.{{cite web|url=https://quoteddata.com/2021/03/digital-9-infrastructure-ipo-raises-300m/ |title= Digital 9 Infrastructure IPO raises £300m|date=26 March 2021|publisher=Quoted Data| access-date=30 November 2022}} Later that month it acquired Aqua Comms DAC, a business operating 14,300 km of undersea fibre-optic cables in the Atlantic Ocean.{{cite web|url=https://www.bdo.co.uk/en-gb/deals/deal/300m-ipo-of-digital-9-infrastructure-plc |title=£300m IPO of Digital 9 Infrastructure plc|date=March 2021 |publisher=BDO| access-date=30 November 2022}}
In July 2021, the company invested £50 million in a project to establish a new intercontinental subsea cable and terrestrial fibre system between the middle east and India, to be known as Europe Middle-East India Connect 1.{{cite news|url= https://dgtlinfra.com/digital-9-infrastructure-50m-subsea-cable-emic-1/ |title= Digital 9 Infrastructure Invests £50m+ in Subsea Cable EMIC-1|publisher=Digital Infrastructure Real Estate|date=30 July 2021| access-date=30 November 2022}} Then, in September 2021, the company acquired Verne Global, a business operating a 24 Megawatt datacentre on a former NATO military site at Keflavík in Iceland.{{cite web|url= https://www.datacenterdynamics.com/en/news/d9-to-invest-a-further-93-million-in-verne-global/ |title= D9 to invest a further $93 million in Verne Global|date=10 January 2022|newspaper=Datacentre Dynamics| access-date=30 November 2022}} Next, in December 2021, it bought SeaEdge UK1, a business operating a coastal datacentre and subsea fibre landing station near Newcastle upon Tyne on the north east coast of England.{{cite news|url=https://www.capacitymedia.com/article/29tguvmaqy9h43clbjugw/digital-9-buys-uk-data-centre-and-landing-station-for-15m |title= Digital 9 buys UK data centre and landing station for £15m|date=10 December 2021|newspaper=Capacity Media| access-date=30 November 2022}} It then acquired a 48% stake in Arqiva, the British telecommunications company, from the Canada Pension Plan, for C$585 million (US$454 million) in June 2022.{{cite news|url=https://www.broadbandtvnews.com/2022/06/27/digital-9-infrastructure-buys-into-arqiva/ |title=Digital 9 Infrastructure buys into Arqiva|date=27 June 2022|newspaper=Broadband TV News| access-date=30 November 2022}}{{cite news|url= https://www.capacitymedia.com/article/2aa8svfpd1d9ujh4batq8/news/digital-9-reaches-high-by-buying-454m-arqiva-transmitter-owner|title= Digital 9 reaches high by buying $454m Arqiva transmitter owner|date=27 June 2022|newspaper=Capacity Media| access-date=30 November 2022}}
The company moved to the premium segment of the main market in August 2022.{{cite web|url=https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-digital-9-infrastructure-premium-segment-main-market|title=The London Stock Exchange welcomes Digital 9 Infrastructure to the Premium Segment of the Main Market|publisher=London Stock Exchange|date=30 August 2022| access-date=30 November 2022}} However, in November 2022, Investec expressed concerns about the sudden departure of the two managers employed by Triple Point to manage Digital 9 Infrastructure.{{cite news|url= https://www.investmentweek.co.uk/news/4060684/investec-warns-%E2%80%98perilous-position-following-digital-manager-departures |title=Investec warns of 'perilous position' following Digital 9 manager departures |date=24 November 2022|newspaper=Investment Week| access-date=30 November 2022}}
In March 2024, it was announced Digital 9 Infrastructure had completed the sale of its entire stake in Verne Global to the Paris-based private equity company, Ardian in a deal worth up to £450 million.{{Cite web |last=Sebastian |date=2024-03-22 |title=Ardian acquires data centre platform Verne in £450m deal |url=https://fashionunited.uk/news/business/style-capital-acquires-majority-stake-in-sneaker-brand-autry/2024031174540 |access-date=2024-03-22 |website=Private Equity Insights |language=en-US}}
References
{{reflist}}
External links
- [https://www.d9infrastructure.com/ Official site]
Category:Financial services companies established in 2021
Category:Companies listed on the London Stock Exchange