(Alliance News) - 3i Infrastructure PLC on Monday said it completes its acquisition of global data communications service provider Global Cloud Xchange.
Bermuda-based Global Cloud is owner of "the world's largest" private subsea fibre optic network, 3i Infrastructure said. The 66,000 kilometres of cable span 46 countries from North America "with a particularly strong position on the Europe-Asia and Intra-Asia routes", 3i had said in November.
Jersey-based 3i Infrastructure said the acquisition was for a total price of USD377 million instead of previously announced USD512 million as "additional acquisition debt was raised in March 2022, reducing 3i Infrastructure's previously announced equity commitment".
3i Infrastructure shares were 1.0% lower at 333.26 pence each in London on Monday morning.
By Tom Budszus; tombudszus@alliancenews.com
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3i Infrastructure (3IN)