Cordiant Digit. Regulatory News (CORD)

1 June 2023

LEI: 213800T8RBBWZQ7FTF84

CORDIANT DIGITAL INFRASTRUCTURE LIMITED

EMITEL ACQUIRES ATC POLSKA

Cordiant Digital Infrastructure Limited, an operationally focused investor in the essential digital infrastructure that powers modern communications and the internet, announces that its portfolio company, Emitel S.A. ("Emitel"), has acquired American Tower Corporation's subsidiary in Poland ("ATC Polska").

ATC Polska's portfolio will comprise of 65 modern lattice towers which are leased to leading mobile network operator (MNO) tenants via inflation-linked contracts with long tenors (average 14 years remaining on tenant lease agreements). The portfolio has a low tenancy ratio providing available load capacity for additional lease customers and is distributed across attractive locations which complement Emitel's existing network.

The addition of ATC Polska increases Emitel's total site portfolio to 664, of which over 630 will host telecom equipment. This further strengthens Emitel's Telecom Infrastructure segment, where Emitel is a leading independent developer and operator of telecom infrastructure and provides site hosting and other services to MNOs such as Orange, Play and T Mobile.

Andrzej Kozlowski, Chief Executive Officer at Emitel said: "We are delighted to announce the acquisition of ATC Polska. This portfolio is highly complementary to Emitel's and this transaction will allow us to deepen our relationship with key MNOs and bolster our high-growth Telecoms Infrastructure segment."

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

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