Digital 9 to invest £50 million in fibre system

LONDON: The Digital 9 Infrastructure has entered into definitive agreements to deploy over £50 million into the development of a new intercontinental fibre system, which will connect key locations in Europe, the Middle-East and India, a statement said on Wednesday.

The new system is an innovative, carrier-neutral network platform between Europe, the Middle East and India, comprising subsea and terrestrial fibre assets, which will connect key locations in these regions.

The company is investing over £50 million over a three-year period, alongside a leading global content provider and consortium.

Aqua Comms, the subsea fibre operating business acquired by the Digital 9, immediately following its initial public offering (IPO) in March 2021, will market and operate this route under the name Europe-Middle East-India Connect 1.

This project, which is one of the pipeline investments identified at the IPO, will add a further key route to D9’s existing portfolio of subsea fibre networks and forms part of the company’s global expansion plan for subsea fibre routes.

Following completion of the new system, the company will have an interest in approximately 30,000km of subsea and related terrestrial fibre networks, connecting the four continents, the statement said.

Thor Johnsen, head of Digital Infrastructure at Triple Point, said: “This investment reaffirms D9’s guiding principle: to improve digital infrastructure globally and reduce the digital divide. We continue to make progress on the company’s wider pipeline of investment opportunities and we look forward to providing further updates to the market on these in due course.”

“In addition, we expect this innovative network to unlock further digital infrastructure opportunities.”

The Digital 9 Infrastructure Plc is a newly-established, externally managed investment trust, which invests in a range of digital infrastructure assets, which deliver a reliable, functioning internet, it added.

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