RCS - Cordiant Digital Inf - Emitel wins tender to broadcast DAB+

Cordiant Digital InfrastructureAnnouncement

08/11/2023 07:00

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RNS Number : 6870S  Cordiant Digital Infrastructure Ltd  08 November 2023

8 November
2023

LEI: 213800T8RBBWZQ7FTF84

 

Cordiant Digital Infrastructure Limited

Emitel wins tender to broadcast DAB+

 

Cordiant Digital Infrastructure Limited (the "Company"), an operationally
focused specialist digital infrastructure investor, is pleased to announce
that its Polish portfolio company Emitel S.A. ("Emitel") has won a nationwide
tender to extend digital broadcast coverage to 17 regional radio stations for
state broadcaster, Polskie Radio.

 

Under the new agreement, Emitel will extend the existing coverage of DAB+
digital signal from 67 per cent to 88 per cent of Poland's households. Polskie
Radio is the largest broadcaster of DAB+ radio in Poland, operating a large
number of radio stations including Radio Poland national and regional services
(which also broadcast in English, German and Ukrainian).

 

This contract is a continuation of an existing contract held by Emitel and
will result in further investments in the expansion of DAB+ coverage which are
expected to lead to incremental extra revenues for Emitel. The contract runs
to Q3 2027, has a gross value of PLN59.5 million (c.£12 million) and revenues
are index-linked to inflation.

 

Andrzej Kozłowski, CEO of Emitel, said "We are proud that it is Emitel that
will implement the next stage of expanding DAB+ coverage for Polskie Radio and
regional radio stations. Digital radio offers the best sound quality, the
possibility of broadcasting more channels, and additional features such as the
transmission of graphics or text, which can be displayed on a DAB+ receiver in
the car or at home."

 

Steven Marshall, Chairman of the Supervisory Board of Emitel and Co-Founder of
Cordiant Digital Infrastructure, said "We are delighted with this contract win
by Emitel with a blue-chip customer. As a result, the company will play a key
part in building out Poland's DAB+ radio infrastructure and expects to earn
incremental, index-linked revenues for the duration of the contract. Wins such
as this validate our Buy, Build & Grow model and create real value for our
shareholders."

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

 Cordiant Capital Inc.                             +44 (0) 20 7201 7546
 Investment Manager
 Stephen Foss, Managing Director
 Aztec Financial Services (Guernsey) Limited       +44 (0) 1481 749700
 Company Secretary and Administrator
 Chris Copperwaite / Laura Dunning
 Celicourt                                         +44 (0) 20 7770 6424
 Financial Communications Advisor
 Philip Dennis / Felicity Winkles / Ali AlQahtani

 

About Cordiant Digital Infrastructure Limited

The Company 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
(http://www.cordiantdigitaltrust.com/) .

 

In total, the Company has successfully raised £795 million in equity, along
with a further €200m through a Eurobond with four European institutions;
deploying the proceeds into four acquisitions: CRA, Hudson Interxchange,
Emitel and Speed Fibre Group which together offer stable, often index-linked
income, and opportunities for growth, in line with the Company's Buy, Build
& Grow model.

 

About the Investment Manager

Cordiant Capital 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 our 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 Emitel

Emitel is the largest operator of digital terrestrial television ("DTT") in
Poland as well as IPTV platforms, the leading radio broadcast emissions
provider and a leading provider of network neutral towers and fibre
infrastructure.

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