Cordiant Digital Infrastructure, which floated on the London Stock Exchange last year, has acquired digital infrastructure assets in the US and Poland for US$426m (€377m).
The fund has committed all the capital it raised through a C-share conversion in June as part of the acquisition of DataGryd Datacenters in New York and Emitel in Warsaw for US$74m and $352m, respectively.
Cordiant Capital, which manages the listed infrastructure fund, said it expected to invest a further US$75m to expand DataGryd over the coming three years.
DataGryd operates from 60 Hudson, a 170,000sqft building in Tribeca that has become one of the most concentrated hubs of internet connectivity available for use by third parties within New York City, with more than 300 carriers and internet firms.
Emitel operates mobile towers in Poland along with the country’s national broadcast network, five digital terrestrial networks, a network of wireless smart-city sensors and a fibre network.
Shonaid Jemmett-Page, chairman of Cordiant Digital Infrastructure, said the acquisitions would complement České Radiokomunikace (CRA), a Czech telecommunications firm it purchased last year.
She added that they would “provide an attractive combination of highly cash-generative operational assets with long-contracted revenue streams and compelling growth opportunities through building out the platforms”.