Cordiant Digital Infrastructure Ltd Emitel wins tender to broadcast DAB+
November 08 2023 - 1:00AM
RNS Non-Regulatory
TIDMCORD
Cordiant Digital Infrastructure Ltd
08 November 2023
8 November 2023
LEI: 213800T8RBBWZQ7FTF84
Cordiant Digital Infrastructure Limited
Emitel wins tender to broadcast DAB+
Cordiant Digital Infrastructure Limited (the "Company"), an
operationally focused specialist digital infrastructure investor,
is pleased to announce that its Polish portfolio company Emitel
S.A. ("Emitel") has won a nationwide tender to extend digital
broadcast coverage to 17 regional radio stations for state
broadcaster, Polskie Radio.
Under the new agreement, Emitel will extend the existing
coverage of DAB+ digital signal from 67 per cent to 88 per cent of
Poland's households. Polskie Radio is the largest broadcaster of
DAB+ radio in Poland, operating a large number of radio stations
including Radio Poland national and regional services (which also
broadcast in English, German and Ukrainian).
This contract is a continuation of an existing contract held by
Emitel and will result in further investments in the expansion of
DAB+ coverage which are expected to lead to incremental extra
revenues for Emitel. The contract runs to Q3 2027, has a gross
value of PLN59.5 million (c.GBP12 million) and revenues are
index-linked to inflation.
Andrzej Koz owski, CEO of Emitel, said "We are proud that it is
Emitel that will implement the next stage of expanding DAB+
coverage for Polskie Radio and regional radio stations. Digital
radio offers the best sound quality, the possibility of
broadcasting more channels, and additional features such as the
transmission of graphics or text, which can be displayed on a DAB+
receiver in the car or at home."
Steven Marshall, Chairman of the Supervisory Board of Emitel and
Co-Founder of Cordiant Digital Infrastructure, said "We are
delighted with this contract win by Emitel with a blue-chip
customer. As a result, the company will play a key part in building
out Poland's DAB+ radio infrastructure and expects to earn
incremental, index-linked revenues for the duration of the
contract. Wins such as this validate our Buy, Build & Grow
model and create real value for our shareholders."
For further information, please visit
www.cordiantdigitaltrust.com or contact:
+44 (0) 20 7201
Cordiant Capital Inc. 7546
Investment Manager
Stephen Foss, Managing Director
+44 (0) 1481
Aztec Financial Services (Guernsey) Limited 749700
Company Secretary and Administrator
Chris Copperwaite / Laura Dunning
+44 (0) 20 7770
Celicourt 6424
Financial Communications Advisor
Philip Dennis / Felicity Winkles / Ali
AlQahtani
About Cordiant Digital Infrastructure Limited
The Company primarily invests in the core infrastructure of the
digital economy - data centres, fibre-optic networks and
telecommunication and broadcast towers in Europe and North America.
Further details about the Company can be found on its website at
www.cordiantdigitaltrust.com .
In total, the Company has successfully raised GBP795 million in
equity, along with a further EUR200m through a Eurobond with four
European institutions; deploying the proceeds into four
acquisitions: CRA, Hudson Interxchange, Emitel and Speed Fibre
Group which together offer stable, often index-linked income, and
opportunities for growth, in line with the Company's Buy, Build
& Grow model.
About the Investment Manager
Cordiant Capital is a specialist global infrastructure and real
assets manager with a sector-led approach to providing growth
capital solutions to promising mid-sized companies in Europe, North
America and selected global markets. Since the firm's relaunch in
2016, Cordiant - a partner-owned and partner-run firm - has
developed a track record of exceeding mandated investment targets
for our clients.
Cordiant focuses on the next generation of infrastructure and
real assets: sectors (digital infrastructure, energy transition
infrastructure and the agriculture value chain) characterised by
growth tailwinds and technological dynamism. In addition, Cordiant
applies a strong sustainability and ESG overlay to its investment
activities.
With a mix of managed funds offering both value-add and core
strategies in equity and direct lending, our sector investment
teams (combining seasoned industry executives with traditional
private capital investors) work with investee companies to develop
innovative, tailored financing solutions backed by a comprehensive
understanding of the sector and demonstrated operating
capabilities. In this way, Cordiant aims to provide value to
investors seeking to complement existing infrastructure equity and
infrastructure debt allocations.
About Emitel
Emitel is the largest operator of digital terrestrial television
("DTT") in Poland as well as IPTV platforms, the leading radio
broadcast emissions provider and a leading provider of network
neutral towers and fibre infrastructure.
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