Pantheon Infrastructure has committed to invest approximately €23.1m (£19.9m) in a telecommunications infrastructure operator GlobalConnect. The investment is being made through a co-investment vehicle managed by affiliates of EQT AB Group, a leading global investment organisation managing about €119bn in fee-generating assets.
GlobalConnect is a digital infrastructure company with the most extensive fibre network across the Nordics. The company serves B2C and B2B customers across three complementary business segments:
- Fibre-To-The-Business (“FTTB”)
- Hyperscalers (large cloud providers), operators (including Mobile Network Operators) and data centres.
GlobalConnect has a large and diverse network across the Nordics and Germany consisting of about 149,000km of fibre cables, about 1,040,000 homes passed, about 34,500 sqm data centre estate and over 30,000 FTTB customers, with strong market positioning in its three core business segments. More broadly, the fibre sector is expected to benefit from tailwinds that continue to drive growth, including subsidy-backed fibre coverage deployment, fast-growing capacity and coverage demand from hyperscalers, and demand for connectivity solutions from FTTB customers.
PINT : Pantheon Infrastructure backs Nordic digital infrastructure firm