REG - Cordiant Digital Inf - COMPLETION OF BT IRELAND ACQUISITION

Cordiant Digital InfrastructureAnnouncement

01/09/2025 07:00

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RNS Number : 4132X  Cordiant Digital Infrastructure Ltd  01 September 2025

LEI: 213800T8RBBWZQ7FTF84

1 September 2025

 

CORDIANT DIGITAL INFRASTRUCTURE LIMITED

 

COMPLETION OF BT IRELAND ACQUISITION

 

Cordiant Digital Infrastructure Limited (the Company or CORD), the
operationally focused investor specialising in digital infrastructure, managed
by Cordiant Capital Inc (the Investment Manager), is pleased to announce that
the acquisition by its wholly owned Irish fibre platform, Speed Fibre Group
Limited (Speed Fibre), of BT Communications Ireland Ltd (BTCIL), previously
announced on 5 February 2025 (the Transaction), has completed.

 

BTCIL provides wholesale fibre and B2B connectivity to c.400 customers in the
telecoms, enterprise and government sectors in Ireland across a c.3,400km
network of owned and operated fibre.

 

The acquisition of BTCIL enhances Speed Fibre's ability to deliver advanced
connectivity solutions through the integration of BTCIL's complementary
capabilities and domestic customer base. By combining resources, Speed Fibre
expects to achieve greater operational efficiencies and deliver a broader
range of connectivity products and services for customers across Ireland,
supporting the growing requirements of hyperscale and edge data centres,
multi-nationals, local Irish businesses, and government agencies. The expanded
network will be well placed to support the increasing capacity needed to
underpin the rapid uptake in artificial intelligence (AI) applications.  This
addition to the Speed Fibre platform represents a significant step in CORD's
strategy to build platforms at scale in line with its Buy, Build & Grow
model in key digital markets such as Ireland.

 

 

For further information, please visit www.cordiantdigitaltrust.com
(http://www.cordiantdigitaltrust.com) or contact:

 

 Cordiant Capital Inc.                                +44 (0)20 3814 5939

 Investment Manager                                   CordiantDigitalTrust@cordiantcap.com

                                                    (mailto:CordiantDigitalTrust@cordiantcap.com)
 Stephen Foss, Managing Director

 Aztec Financial Services (Guernsey) Limited          +44 (0) 1481 74 9700

 Company Secretary and Administrator                  cord@aztecgroup.co.uk (mailto:cord@aztecgroup.co.uk)

 Chris Copperwaite/Laura Dunning

 Investec Bank plc                                    +44 (0) 20 7597 4000

 Joint Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis / Denis Flanagan (Corporate Finance)

 Deutsche Numis                                       +44 (0) 20 7260 1000

 Joint Corporate Broker

 Hugh Jonathan / George Shiel

 Celicourt                                            +44 (0)20 7770 6424

 Public Relations Advisor                              CDI@celicourt.uk (mailto:CDI@celicourt.uk)

 Philip Dennis/Ali AlQahtani/Charles Denley-Myerson

 

 

Notes to Editors:

 

About the Company

 

Cordiant Digital Infrastructure Limited (the Company) primarily invests in
the core infrastructure of the digital economy: data centres; fibre-optic
networks; telecommunications and broadcast towers - in Europe and North
America. Further details about the Company can be found on its website
at www.cordiantdigitaltrust.com (http://www.cordiantdigitaltrust.com/) .

 

The Company is a sector-focused specialist owner and operator of Digital
Infrastructure, listed on the London Stock Exchange under the ticker CORD. In
total, the Company has successfully raised £795 million in equity, along with
a €375 million debt package, comprising a €200 million Eurobond and €175
million of committed capex and revolving facilities, deploying capital into
six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company and
Datacentre United, 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. It also 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, Cordiant's sector investment teams (combining
experienced 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 Speed Fibre Group

 

Speed Fibre is an open access fibre infrastructure provider in the Republic of
Ireland and includes the businesses of Enet and Magnet Plus. Further details
about Speed Fibre can be found on its website at www.speedfibregroup.ie
(http://www.speedfibregroup.ie/) .

Enet is the manager of Ireland's 88 metropolitan area networks (MANs) - fibre
rings that connect 94 large regional towns to high-speed international
networks.  Aside from managing the MANs under a government concession, Enet
has a managed services contract for Irish Rail's long-distance fibre backhaul
network. It also owns key infrastructure such as the T5 ring which circles the
M50 and connects many of the country's biggest data centres. In total, Enet
manages or owns 10,000km of fibre. The concession to run the MANs lasts
until March 2030.

Magnet Plus operates an independent connectivity network. It provides
connectivity for some of the world's biggest technology companies, as well as
telecommunications, data connectivity, and security services to both
commercial and residential markets in Ireland, throughout Europe, the US and
beyond.

 

About BTCIL

 

BT Communications Ireland Limited (BTCIL) is one of the main alternative fixed
line communications providers in Ireland. The acquired business currently
provides communications solutions to domestic and wholesale telecommunications
operators, government departments and enterprise customers delivering
networking, voice, data, security and managed services. BTCIL's B2B business
has historically been focused on serving global multinational companies. This
element of its business has been retained by BT going forward and continue to
operate in Ireland. Data centre and multi-national enterprise customer
businesses, which were historically operated under BTCIL, are not included
Transaction perimeter.

 

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