Cordiant Digital Infrastructure Ltd (LSE:CORD) said that it has now completed the acquisition of Emitel S.A.
Last week, the investment company focused on acquiring core infrastructure in the digital space said it had received final regulatory approval for its acquisition of the Polish telecoms firm.
Emitel, according to a statement, is a “market leading digital services platform in Poland with a diverse portfolio of infrastructure assets".
That includes over 577 communication towers which provide coverage for 99% of Poland, a blue-chip customer base of Poland’s leading mobile operator, broadcast television and radio companies as well as supporting fibre optic.
Cordiant said Emitel is split into four operating sectors, which are TV and radio broadcasting, mobile, ‘Internet of Things’ (data transmission infrastructure, sensor-based services etc) and Transmission.
In June, Cordiant said it signed a €200mln Eurobond facility for working capital and acquisitions, with the Emitel deal being the third one it has completed after CRA, a Czech Republic infrastructure platform and Hudson Interxchange, a New York-based datacentre.