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Company type | Public limited company |
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LSE: DGI9 | |
Industry | Digital infrastructure |
Founded | 2021 |
Headquarters | St Helier, Jersey |
Key people |
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Website |
www |
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. [1]
The company was the subject of an initial public offering on the specialist fund segment of the London Stock Exchange in March 2021. [2] Later that month it acquired Aqua Comms DAC, a business operating 14,300 km of undersea fibre-optic cables in the Atlantic Ocean. [3]
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. [4] 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. [5] 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. [6] 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. [7] [8]
The company moved to the premium segment of the main market in August 2022. [9] However, in November 2022, Investec expressed concerns about the sudden departure of the two managers employed by Triple Point to manage Digital 9 Infrastructure. [10]
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. [11]