Cordiant Digital Infrastructure makes major new acquisition
London, UK
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August 31, 2023 05:45 AM Eastern Daylight Time
Cordiant Digital Infrastructure Ltd (LSE:CORD) Chairman of Digital Infrastructure Steven Marshall speaks to Thomas Warner after announcing the €97mln acquisition of Speed Fibre DAC, a major player in Ireland's fibre optic network landscape.
Marshall emphasises the strategic importance of the move, which is Cordiant's fourth significant acquisition and which solidifies Cordiant's presence in some of Europe's most promising digital growth markets. Marshall also highlights the company's commitment to continuous investment in the digital infrastructure sector, particularly in highly prospective markets like Ireland.
The approach involves not only expanding the existing network but also capitalising on upcoming opportunities, such as new fibre installations and marketplace consolidation. He went on to temper expectations of imminent future acquisitions, indicating that while the company has potential targets in sight, it will continue to prioritise prudent decision-making. Marshall also notes that the generally challenging trading environment is creating opportunities for companies with healthy balance sheets.
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