TIDMCORD
RNS Number : 8470Y
Cordiant Digital Infrastructure Ltd
08 January 2024
8 January 2024
LEI: 213800T8RBBWZQ7FTF84
Cordiant Digital Infrastructure Limited
Update on CRA acquisitions
Cordiant Digital Infrastructure Limited (the "Company" or
"CORD"), an operationally-focused, specialist digital
infrastructure investor, is pleased to announce that, following the
Company's announcement on 20 December 2023, its Czech portfolio
company, České Radiokomunikace a.s. ("CRA") has completed the
acquisition of the cloud services and data centre businesses,
Cloud4com and DC Lu ice from Aricoma a.s.
The Company is also pleased to announce the signing of CRA's
acquisition of Prague Digital TV s.r.o. for a nominal sum. The
acquisition brings with it valuable broadcasting spectrum and
doubles CRA's current television broadcast capacity in the Prague
region. It provides additional space for the further development
and roll out of innovative TV services.
Analyst and shareholder calls
The Investment Manager will host remote presentations on
Wednesday 10 January for analysts at 11.00 a.m. GMT and for
shareholders at 12.00 p.m. GMT. For those wishing to log in to
either call, please contact Ali AlQahtani at Celicourt via
CDI@celicourt.uk.
For further information, please visit
www.cordiantdigitaltrust.com or contact:
Cordiant Capital Inc.
Investment Manager
Stephen Foss, Managing Director +44 (0) 20 7201 7546
Celicourt
PR Adviser
Philip Dennis / Felicity Winkles / Ali
AlQahtani +44 (0)20 7770 6424
Aztec
Company Secretary and Administrator
Chris Copperwaite / Laura Dunning +44 (0) 1481 749700
Notes to Editors:
About the Company
Cordiant Digital Infrastructure Limited 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,
which together offer stable, often index-linked income, and the
opportunity for growth, in line with the Company's Buy, Build &
Grow model.
About the Investment Manager
Cordiant Capital Inc ("Cordiant") 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 its 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 CRA
CRA is a diversified digital infrastructure company, operating
mobile towers, a broadcast network, data centres, a fibre network
and Internet of Things networks serving utilities. The company has
a history of offering superior customer service, increasingly
through integrated solutions spanning the spectrum of digital
infrastructure.
About Cloud4com and DC Lu ice
Cloud4com is a leading cloud services provider in the Czech
Republic, providing private cloud and associated services for
enterprise customers. These cloud services are enabled by VMWare
and by Virtix, a software platform developed in-house by Cloud4Com.
For the financial year ending 31 December 2023, Cloud4com is
expected to generate revenue of CZK 155 million (GBP5.5 million)
and EBITDA of CZK 44.6 million (GBP1.6 million), both
unaudited.
DC Lu ice is a Tier III data centre facility strategically
located in the "digital Danube" triangle, that is centred on
Brno-Vienna-Bratislava. The facility, which is owned and has 85
racks, is currently 32% utilised, newly renovated and located in a
highly secure private site.
About Prague Digital TV
Prague Digital TV has long been active on the regional
television broadcasting market, covering all of Prague and 41% of
the Central Bohemia region. It broadcasts in the advanced DVB-T2
standard over Regional Network 4.
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